Lexington Realty Trust (LXP) Updates FY18 Earnings Guidance

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Lexington Realty Trust (NYSE:LXP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.93-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.93.

Shares of Lexington Realty Trust stock traded up $0.15 during trading on Wednesday, hitting $8.35. The stock had a trading volume of 1,542,881 shares, compared to its average volume of 1,260,874. The firm has a market capitalization of $1.86 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 4.08 and a beta of 0.84. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.64. Lexington Realty Trust has a 12 month low of $7.59 and a 12 month high of $10.62.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). Lexington Realty Trust had a net margin of 4.99% and a return on equity of 1.69%. The company had revenue of $99.96 million for the quarter, compared to the consensus estimate of $96.87 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lexington Realty Trust will post 0.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.1775 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.71 dividend on an annualized basis and a yield of 8.50%. Lexington Realty Trust’s payout ratio is 73.20%.

A number of equities research analysts recently weighed in on LXP shares. Jefferies Financial Group upgraded shares of Lexington Realty Trust from a hold rating to a buy rating in a report on Friday, October 12th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a sell rating to a hold rating in a report on Saturday, August 11th. Wells Fargo & Co upgraded shares of Lexington Realty Trust from a market perform rating to an outperform rating and lifted their price objective for the company from $8.50 to $9.00 in a report on Thursday, September 27th. Finally, ValuEngine upgraded shares of Lexington Realty Trust from a strong sell rating to a sell rating in a report on Monday, October 8th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $8.60.

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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.

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

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