Brokerages expect Lexington Realty Trust (NYSE:LXP) to announce $80.77 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lexington Realty Trust’s earnings, with estimates ranging from $80.24 million to $81.30 million. Lexington Realty Trust reported sales of $81.79 million in the same quarter last year, which indicates a negative year over year growth rate of 1.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, August 5th.
On average, analysts expect that Lexington Realty Trust will report full-year sales of $325.76 million for the current fiscal year, with estimates ranging from $320.52 million to $331.00 million. For the next financial year, analysts anticipate that the firm will post sales of $327.21 million, with estimates ranging from $325.92 million to $328.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Friday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The company had revenue of $92.60 million for the quarter, compared to analysts’ expectations of $81.68 million. Lexington Realty Trust had a net margin of 60.26% and a return on equity of 11.10%. Lexington Realty Trust’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share.
A number of institutional investors have recently modified their holdings of the stock. Advisor Partners LLC boosted its holdings in Lexington Realty Trust by 15.2% in the 1st quarter. Advisor Partners LLC now owns 11,746 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,550 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Lexington Realty Trust by 625.5% during the 1st quarter. Schroder Investment Management Group now owns 11,253 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 9,702 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Lexington Realty Trust by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,935,605 shares of the real estate investment trust’s stock valued at $21,505,000 after purchasing an additional 12,967 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Lexington Realty Trust by 10.8% during the 1st quarter. Millennium Management LLC now owns 569,025 shares of the real estate investment trust’s stock valued at $6,322,000 after purchasing an additional 55,305 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Lexington Realty Trust during the 1st quarter valued at about $325,000. 94.45% of the stock is owned by institutional investors.
Shares of LXP opened at $13.01 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 8.34 and a beta of 0.60. Lexington Realty Trust has a 1-year low of $9.65 and a 1-year high of $13.03. The company’s fifty day moving average is $12.09.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were issued a $0.108 dividend. This represents a $0.43 annualized dividend and a yield of 3.32%. The ex-dividend date was Tuesday, March 30th. Lexington Realty Trust’s dividend payout ratio is currently 56.58%.
Lexington Realty Trust Company Profile
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial 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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