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