Analysts Anticipate Lexington Realty Trust (NYSE:LXP) Will Announce Quarterly Sales of $79.67 Million

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Brokerages expect Lexington Realty Trust (NYSE:LXP) to announce $79.67 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Lexington Realty Trust’s earnings, with estimates ranging from $78.70 million to $80.90 million. Lexington Realty Trust reported sales of $87.25 million in the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The business is scheduled to issue its next earnings results on Wednesday, February 26th.

On average, analysts expect that Lexington Realty Trust will report full-year sales of $320.39 million for the current fiscal year, with estimates ranging from $317.90 million to $323.84 million. For the next year, analysts expect that the business will post sales of $316.99 million, with estimates ranging from $310.84 million to $322.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.39. The company had revenue of $81.55 million during the quarter, compared to analyst estimates of $79.80 million. Lexington Realty Trust had a return on equity of 16.76% and a net margin of 66.66%. The firm’s revenue was down 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share.

Several equities research analysts have recently weighed in on LXP shares. Wells Fargo & Co downgraded Lexington Realty Trust from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a research report on Monday, August 26th. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Stifel Nicolaus raised Lexington Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $9.50 to $11.00 in a research report on Wednesday, August 7th. Finally, Evercore ISI set a $10.00 target price on Lexington Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.63.

Shares of NYSE LXP traded up $0.02 on Friday, hitting $10.99. The company had a trading volume of 1,019,968 shares, compared to its average volume of 1,728,158. Lexington Realty Trust has a 12-month low of $7.88 and a 12-month high of $11.19. The business has a 50 day moving average of $10.80 and a two-hundred day moving average of $10.07. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $2.73 billion, a P/E ratio of 11.45, a PEG ratio of -21.58 and a beta of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.105 dividend. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, December 30th. This represents a $0.42 annualized dividend and a dividend yield of 3.82%. Lexington Realty Trust’s dividend payout ratio is presently 42.71%.

In other news, EVP Lara Sweeney Johnson sold 28,271 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $11.12, for a total value of $314,373.52. Following the completion of the sale, the executive vice president now owns 370,684 shares of the company’s stock, valued at $4,122,006.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.26% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Profund Advisors LLC boosted its holdings in Lexington Realty Trust by 4.3% in the second quarter. Profund Advisors LLC now owns 31,549 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 1,288 shares during the last quarter. CWM Advisors LLC boosted its holdings in Lexington Realty Trust by 8.4% in the second quarter. CWM Advisors LLC now owns 17,961 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 1,395 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Lexington Realty Trust by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 82,841 shares of the real estate investment trust’s stock valued at $780,000 after purchasing an additional 1,400 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Lexington Realty Trust by 1.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 135,000 shares of the real estate investment trust’s stock valued at $1,270,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Lexington Realty Trust by 0.5% in the second quarter. Arizona State Retirement System now owns 324,254 shares of the real estate investment trust’s stock valued at $3,051,000 after purchasing an additional 1,599 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

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