Brokerages Anticipate Lexington Realty Trust (LXP) to Post $0.24 Earnings Per Share

Equities analysts predict that Lexington Realty Trust (NYSE:LXP) will announce $0.24 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Lexington Realty Trust’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.24. Lexington Realty Trust reported earnings of $0.23 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is expected to report its next earnings results on Tuesday, August 14th.

According to Zacks, analysts expect that Lexington Realty Trust will report full-year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.96 to $0.98. For the next year, analysts anticipate that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.93 to $1.00. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Lexington Realty Trust.

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

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 12th. Stifel Nicolaus lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $8.50 to $7.00 in a research note on Tuesday, May 8th. ValuEngine lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. Finally, Barclays dropped their price objective on shares of Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, March 20th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.84.

NYSE LXP traded down $0.02 on Thursday, hitting $8.35. 1,120,600 shares of the stock were exchanged, compared to its average volume of 1,197,739. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.88 and a beta of 0.86. Lexington Realty Trust has a 52-week low of $7.59 and a 52-week high of $10.65.

Several institutional investors and hedge funds have recently modified their holdings of LXP. Schwab Charles Investment Management Inc. boosted its stake in shares of Lexington Realty Trust by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,840,054 shares of the real estate investment trust’s stock valued at $27,407,000 after purchasing an additional 86,353 shares during the period. Strs Ohio boosted its stake in shares of Lexington Realty Trust by 2.5% during the fourth quarter. Strs Ohio now owns 366,541 shares of the real estate investment trust’s stock valued at $3,537,000 after purchasing an additional 8,951 shares during the period. RMR Advisors LLC boosted its stake in shares of Lexington Realty Trust by 17.4% during the fourth quarter. RMR Advisors LLC now owns 468,638 shares of the real estate investment trust’s stock valued at $4,522,000 after purchasing an additional 69,580 shares during the period. Foundry Partners LLC boosted its stake in shares of Lexington Realty Trust by 3.5% during the fourth quarter. Foundry Partners LLC now owns 1,135,695 shares of the real estate investment trust’s stock valued at $10,959,000 after purchasing an additional 38,004 shares during the period. Finally, Community Bank of Raymore boosted its stake in shares of Lexington Realty Trust by 3.3% during the fourth quarter. Community Bank of Raymore now owns 698,300 shares of the real estate investment trust’s stock valued at $6,739,000 after purchasing an additional 22,300 shares during the period. 74.21% of the stock is owned by hedge funds and other institutional investors.

Lexington Realty Trust Company Profile

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.

Get a free copy of the Zacks research report on Lexington Realty Trust (LXP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Lexington Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexington Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply