Research Analysts Issue Forecasts for Lexington Realty Trust’s Q1 2020 Earnings (LXP)

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Lexington Realty Trust (NYSE:LXP) – Equities researchers at DA Davidson issued their Q1 2020 EPS estimates for Lexington Realty Trust in a research report issued to clients and investors on Tuesday, November 6th. DA Davidson analyst B. Oxford anticipates that the real estate investment trust will post earnings per share of $0.20 for the quarter. DA Davidson also issued estimates for Lexington Realty Trust’s Q2 2020 earnings at $0.20 EPS, Q3 2020 earnings at $0.20 EPS and FY2020 earnings at $0.81 EPS.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $99.96 million during the quarter, compared to the consensus estimate of $96.87 million. During the same quarter last year, the business posted $0.25 earnings per share. Lexington Realty Trust’s revenue was up 2.3% compared to the same quarter last year.

A number of other research firms have also commented on LXP. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Jefferies Financial Group restated a “hold” rating and issued a $9.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, August 9th. ValuEngine upgraded shares of Lexington Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Wells Fargo & Co upgraded shares of Lexington Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $8.50 to $9.00 in a research report on Thursday, September 27th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Lexington Realty Trust has a consensus rating of “Hold” and a consensus target price of $8.60.

LXP stock opened at $8.41 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.40 and a quick ratio of 0.14. Lexington Realty Trust has a 12 month low of $7.59 and a 12 month high of $10.62. The company has a market capitalization of $1.97 billion, a PE ratio of 8.67, a PEG ratio of 4.40 and a beta of 0.84.

A number of institutional investors have recently made changes to their positions in LXP. BlackRock Inc. lifted its holdings in shares of Lexington Realty Trust by 3.0% in the 3rd quarter. BlackRock Inc. now owns 37,141,546 shares of the real estate investment trust’s stock worth $308,276,000 after acquiring an additional 1,073,753 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Lexington Realty Trust by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,555,532 shares of the real estate investment trust’s stock worth $29,511,000 after acquiring an additional 82,443 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Lexington Realty Trust by 3.8% in the 3rd quarter. Alliancebernstein L.P. now owns 397,349 shares of the real estate investment trust’s stock worth $3,298,000 after acquiring an additional 14,502 shares during the last quarter. Commonwealth Bank of Australia bought a new stake in shares of Lexington Realty Trust in the 3rd quarter worth approximately $229,000. Finally, Redpoint Investment Management Pty Ltd bought a new stake in shares of Lexington Realty Trust in the 3rd quarter worth approximately $138,000. Institutional investors and hedge funds own 73.61% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.1775 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.71 annualized dividend and a yield of 8.44%. Lexington Realty Trust’s payout ratio is presently 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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Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

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