Lexington Realty Trust (NYSE:LXP) Updates FY18 Earnings Guidance

Lexington Realty Trust (NYSE:LXP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.95-0.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01.

Lexington Realty Trust (NYSE:LXP) opened at $8.09 on Wednesday. Lexington Realty Trust has a 52-week low of $7.83 and a 52-week high of $10.65. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71. The company has a market cap of $1,950.00, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93.

Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The company had revenue of $102.17 million during the quarter, compared to the consensus estimate of $100.52 million. Lexington Realty Trust had a return on equity of 6.64% and a net margin of 21.84%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. equities analysts predict that Lexington Realty Trust will post 0.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend is Wednesday, March 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 215.15%.

Several brokerages have commented on LXP. Evercore ISI downgraded Lexington Realty Trust from an outperform rating to an in-line rating in a research note on Monday, December 11th. Zacks Investment Research downgraded Lexington Realty Trust from a hold rating to a sell rating in a research note on Saturday, March 3rd. ValuEngine downgraded Lexington Realty Trust from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Ladenburg Thalmann Financial Services restated a hold rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $10.95.

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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.

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

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