Equities analysts predict that Lexington Realty Trust (NYSE:LXP) will post $0.20 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Lexington Realty Trust’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.19. Lexington Realty Trust posted earnings of $0.25 per share in the same quarter last year, which indicates a negative year over year growth rate of 20%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Lexington Realty Trust will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.79. For the next year, analysts forecast that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.72 to $0.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a net margin of 72.14% and a return on equity of 21.72%. The company had revenue of $81.25 million for the quarter, compared to the consensus estimate of $80.70 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year.
Lexington Realty Trust stock traded down $0.04 during mid-day trading on Friday, hitting $9.47. 1,037,136 shares of the company traded hands, compared to its average volume of 1,755,749. Lexington Realty Trust has a one year low of $7.66 and a one year high of $9.88. The firm has a market capitalization of $2.23 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 13.59 and a beta of 0.88. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $9.41.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Thursday, June 27th. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 42.71%.
In related news, EVP Joseph Bonventre sold 20,000 shares of Lexington Realty Trust stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $9.30, for a total value of $186,000.00. Following the transaction, the executive vice president now directly owns 362,103 shares of the company’s stock, valued at $3,367,557.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.26% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bremer Bank National Association purchased a new position in shares of Lexington Realty Trust in the first quarter worth $37,000. Quadrant Capital Group LLC increased its position in Lexington Realty Trust by 842.1% during the 1st quarter. Quadrant Capital Group LLC now owns 10,325 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 9,229 shares during the period. Parametrica Management Ltd purchased a new position in Lexington Realty Trust during the 1st quarter valued at $100,000. NumerixS Investment Technologies Inc purchased a new position in Lexington Realty Trust during the 4th quarter valued at $95,000. Finally, Marshall Wace North America L.P. purchased a new position in Lexington Realty Trust during the 1st quarter valued at $105,000. 85.19% of the stock is currently owned by 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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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