Lexington Realty Trust (NYSE:LXP) will be announcing its earnings results before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Lexington Realty Trust has set its FY18 guidance at $0.95-0.98 EPS.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.25). The firm had revenue of $105.50 million for the quarter, compared to analyst estimates of $101.91 million. Lexington Realty Trust had a return on equity of 1.69% and a net margin of 4.99%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts expect Lexington Realty Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:LXP opened at $7.76 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $1.86 billion, a P/E ratio of 8.00, a P/E/G ratio of 4.08 and a beta of 0.84. Lexington Realty Trust has a fifty-two week low of $7.59 and a fifty-two week high of $10.64.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a dividend of $0.1775 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 9.15%. Lexington Realty Trust’s payout ratio is currently 73.20%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Lexington Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 16th. Jefferies Financial Group raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. ValuEngine raised 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 raised shares of Lexington Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock 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 given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.60.
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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