Brokerages Expect Lexington Realty Trust (LXP) to Post $0.25 EPS

Brokerages expect Lexington Realty Trust (NYSE:LXP) to report earnings of $0.25 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Lexington Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. Lexington Realty Trust posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is scheduled to report its next earnings report on Tuesday, August 14th.

On average, analysts expect that Lexington Realty Trust will report full-year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.97 to $0.99. For the next fiscal year, analysts expect that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.93 to $1.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.32). Lexington Realty Trust had a net margin of 7.33% and a return on equity of 2.34%. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.02 million. During the same quarter last year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. ValuEngine cut Lexington Realty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 12th. Stifel Nicolaus cut Lexington Realty Trust from a “hold” rating to a “sell” rating and cut their target price for the company from $8.50 to $7.00 in a research note on Tuesday, May 8th. JPMorgan Chase & Co. cut their target price on Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 10th. Finally, Barclays cut their target price on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 20th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and a consensus target price of $9.68.

Shares of Lexington Realty Trust traded up $0.08, hitting $8.59, during trading on Monday, Marketbeat Ratings reports. 15,661 shares of the company’s stock traded hands, compared to its average volume of 1,194,958. Lexington Realty Trust has a 52 week low of $7.59 and a 52 week high of $10.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $2.08 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canandaigua National Bank & Trust Co. bought a new stake in Lexington Realty Trust in the 1st quarter valued at $112,000. JOYN Advisors Inc. bought a new position in Lexington Realty Trust in the fourth quarter worth approximately $113,000. Family Management Corp bought a new position in Lexington Realty Trust in the fourth quarter worth approximately $121,000. BlueCrest Capital Management Ltd bought a new position in Lexington Realty Trust in the fourth quarter worth approximately $150,000. Finally, Vident Investment Advisory LLC bought a new position in Lexington Realty Trust in the fourth quarter worth approximately $154,000. Hedge funds and other institutional investors own 74.26% of the company’s stock.

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 portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

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