Wall Street brokerages expect that Lexington Realty Trust (NYSE:LXP) will report $98.19 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Lexington Realty Trust’s earnings. The lowest sales estimate is $91.41 million and the highest is $104.94 million. Lexington Realty Trust reported sales of $95.33 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is expected to announce its next earnings report before the market opens on Tuesday, February 27th.
On average, analysts expect that Lexington Realty Trust will report full year sales of $98.19 million for the current fiscal year, with estimates ranging from $357.33 million to $394.41 million. For the next financial year, analysts forecast that the business will report sales of $398.28 million per share, with estimates ranging from $368.96 million to $435.94 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Lexington Realty Trust.
Several equities analysts recently issued reports on the company. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Zacks Investment Research lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group restated a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. Evercore ISI lowered Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Finally, ValuEngine lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Lexington Realty Trust presently has a consensus rating of “Hold” and an average price target of $10.95.
Lexington Realty Trust (NYSE LXP) opened at $8.33 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2,000.00, a PE ratio of 28.72, a PEG ratio of 2.05 and a beta of 0.85. Lexington Realty Trust has a 1 year low of $7.98 and a 1 year high of $11.42.
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About Lexington Realty Trust
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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