Wall Street brokerages predict that Lexington Realty Trust (NYSE:LXP) will post earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lexington Realty Trust’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.19. Lexington Realty Trust posted earnings of $0.25 per share during the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is scheduled to issue its next earnings results on Wednesday, August 14th.
On average, analysts expect that Lexington Realty Trust will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.79. For the next financial year, analysts expect that the firm will post earnings of $0.77 per share, with EPS estimates ranging from $0.72 to $0.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The business had revenue of $81.25 million for the quarter, compared to analyst estimates of $80.70 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was down 21.0% on a year-over-year basis.
Several research analysts have issued reports on LXP shares. Zacks Investment Research lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Finally, Stifel Nicolaus upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating and set a $9.15 price target on the stock in a report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.29.
Large investors have recently made changes to their positions in the business. Stevens Capital Management LP boosted its holdings in Lexington Realty Trust by 178.6% in the first quarter. Stevens Capital Management LP now owns 46,842 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 30,028 shares in the last quarter. Two Sigma Investments LP bought a new position in Lexington Realty Trust in the fourth quarter worth approximately $1,130,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Lexington Realty Trust by 194.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 79,138 shares of the real estate investment trust’s stock valued at $650,000 after purchasing an additional 52,238 shares in the last quarter. Northwood Liquid Management LP bought a new position in shares of Lexington Realty Trust in the fourth quarter valued at approximately $8,280,000. Finally, M&T Bank Corp lifted its holdings in shares of Lexington Realty Trust by 5.6% in the fourth quarter. M&T Bank Corp now owns 25,824 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,378 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.
NYSE:LXP traded up $0.06 on Tuesday, hitting $9.15. The stock had a trading volume of 1,828,503 shares, compared to its average volume of 1,730,882. The firm has a market cap of $2.15 billion, a P/E ratio of 9.52, a PEG ratio of 13.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 0.22. Lexington Realty Trust has a 52 week low of $7.66 and a 52 week high of $9.70.
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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