Lexington Realty Trust (NYSE:LXP) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.105 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.42 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.10.
NYSE:LXP opened at $10.66 on Friday. Lexington Realty Trust has a twelve month low of $7.88 and a twelve month high of $10.93. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $10.50 and a 200-day moving average of $9.84. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of -20.29 and a beta of 0.84.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.39. Lexington Realty Trust had a net margin of 84.56% and a return on equity of 23.21%. The company had revenue of $81.55 million during the quarter, compared to analyst estimates of $79.80 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 18.7% on a year-over-year basis. On average, research analysts forecast that Lexington Realty Trust will post 0.79 earnings per share for the current year.
Several equities analysts have recently weighed in on the stock. Evercore ISI set a $10.00 price objective on shares of Lexington Realty Trust and gave the company a “buy” rating in a research report on Wednesday, August 7th. Stifel Nicolaus upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $9.50 to $11.00 in a research report on Wednesday, August 7th. Wells Fargo & Co lowered shares of Lexington Realty Trust from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a research report on Monday, August 26th. Finally, Zacks Investment Research lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.63.
About Lexington Realty Trust
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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