Lexington Realty Trust (LXP) Expected to Announce Quarterly Sales of $82.53 Million

Share on StockTwits

Equities analysts predict that Lexington Realty Trust (NYSE:LXP) will report $82.53 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Lexington Realty Trust’s earnings. The highest sales estimate is $85.75 million and the lowest is $79.80 million. Lexington Realty Trust posted sales of $102.64 million during the same quarter last year, which suggests a negative year-over-year growth rate of 19.6%. The business is expected to announce its next quarterly earnings report on Tuesday, May 14th.

On average, analysts expect that Lexington Realty Trust will report full year sales of $315.48 million for the current fiscal year, with estimates ranging from $304.00 million to $335.87 million. For the next year, analysts expect that the company will post sales of $317.35 million, with estimates ranging from $309.00 million to $330.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The business had revenue of $87.25 million for the quarter, compared to the consensus estimate of $86.04 million. Lexington Realty Trust had a return on equity of 18.56% and a net margin of 57.52%. Lexington Realty Trust’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share.

A number of equities analysts have recently commented on the stock. DA Davidson raised shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Finally, TheStreet raised shares of Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.50.

NYSE:LXP opened at $9.24 on Monday. The stock has a market cap of $2.18 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 10.48 and a beta of 1.00. Lexington Realty Trust has a 52 week low of $7.59 and a 52 week high of $9.70. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.34.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Thursday, March 28th. Lexington Realty Trust’s dividend payout ratio is currently 42.71%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC lifted its stake in Lexington Realty Trust by 45.6% in the third quarter. MetLife Investment Advisors LLC now owns 144,698 shares of the real estate investment trust’s stock valued at $1,201,000 after buying an additional 45,304 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lexington Realty Trust by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,479,074 shares of the real estate investment trust’s stock worth $28,875,000 after purchasing an additional 12,654 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Lexington Realty Trust in the fourth quarter worth $1,130,000. Metropolitan Life Insurance Co. NY lifted its position 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 worth $650,000 after purchasing an additional 52,238 shares in the last quarter. Finally, Northwood Liquid Management LP bought a new stake in shares of Lexington Realty Trust in the fourth quarter worth $8,280,000. Hedge funds and other institutional investors own 76.45% 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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Featured Article: Derivative

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.