Lexington Realty Trust (NYSE:LXP) – Analysts at Jefferies Group decreased their FY2017 EPS estimates for Lexington Realty Trust in a research note issued on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $0.96 for the year, down from their prior forecast of $0.97. Jefferies Group has a “Hold” rating and a $11.00 price objective on the stock. Jefferies Group also issued estimates for Lexington Realty Trust’s FY2018 earnings at $1.01 EPS.
Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $97.70 million for the quarter, compared to analyst estimates of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. Lexington Realty Trust’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share.
LXP has been the topic of several other reports. Zacks Investment Research lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. DA Davidson started coverage on Lexington Realty Trust in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.75 price target on the stock. BidaskClub lowered Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research note on Tuesday, November 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Lexington Realty Trust presently has an average rating of “Hold” and a consensus price target of $10.79.
Shares of Lexington Realty Trust (NYSE:LXP) opened at $10.33 on Tuesday. The company has a market capitalization of $2,510.00, a PE ratio of 11.03, a P/E/G ratio of 2.74 and a beta of 0.96. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.1775 dividend. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.71 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Thursday, December 28th. Lexington Realty Trust’s payout ratio is presently 241.38%.
Institutional investors have recently bought and sold shares of the company. Adviser Investments LLC purchased a new stake in Lexington Realty Trust during the 3rd quarter valued at approximately $109,000. Tocqueville Asset Management L.P. raised its stake in Lexington Realty Trust by 0.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 100 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Lexington Realty Trust by 86.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 6,384 shares in the last quarter. World Asset Management Inc raised its stake in shares of Lexington Realty Trust by 1.0% during the 2nd quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 144 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in shares of Lexington Realty Trust during the 3rd quarter worth approximately $140,000. 73.97% of the stock is owned by institutional investors and hedge funds.
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About Lexington Realty Trust
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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