Equities analysts predict that Lexington Realty Trust (NYSE:LXP) will report $98.21 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Lexington Realty Trust’s earnings, with estimates ranging from $92.40 million to $101.92 million. Lexington Realty Trust posted sales of $102.17 million during the same quarter last year, which suggests a negative year-over-year growth rate of 3.9%. The company is scheduled to announce its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Lexington Realty Trust will report full year sales of $404.07 million for the current year, with estimates ranging from $393.00 million to $412.37 million. For the next financial year, analysts anticipate that the firm will report sales of $364.47 million, with estimates ranging from $326.40 million to $404.54 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.16). Lexington Realty Trust had a net margin of 56.75% and a return on equity of 19.03%. The company had revenue of $99.96 million for the quarter, compared to analyst estimates of $96.87 million. During the same quarter last year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. Family Management Corp acquired a new stake in shares of Lexington Realty Trust in the second quarter worth $109,000. Wedbush Securities Inc. acquired a new stake in shares of Lexington Realty Trust in the second quarter worth $117,000. Paloma Partners Management Co acquired a new stake in Lexington Realty Trust during the second quarter worth $122,000. Creative Planning acquired a new stake in Lexington Realty Trust during the third quarter worth $128,000. Finally, Financial Counselors Inc. acquired a new stake in Lexington Realty Trust during the second quarter worth $140,000. Institutional investors and hedge funds own 73.61% of the company’s stock.
Shares of Lexington Realty Trust stock traded up $0.12 during midday trading on Monday, hitting $8.47. The company had a trading volume of 1,584,600 shares, compared to its average volume of 1,262,365. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 4.32 and a beta of 0.84. The company has a current ratio of 0.40, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. Lexington Realty Trust has a 1-year low of $7.59 and a 1-year high of $10.62.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.1775 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.71 annualized dividend and a dividend yield of 8.38%. Lexington Realty Trust’s payout ratio is 73.20%.
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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