Analysts predict that Lexington Realty Trust (NYSE:LXP) will report sales of $78.72 million for the current quarter, according to Zacks. Four analysts have made estimates for Lexington Realty Trust’s earnings, with the highest sales estimate coming in at $79.60 million and the lowest estimate coming in at $77.10 million. Lexington Realty Trust reported sales of $105.49 million in the same quarter last year, which indicates a negative year-over-year growth rate of 25.4%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, August 7th.
On average, analysts expect that Lexington Realty Trust will report full year sales of $311.42 million for the current fiscal year, with estimates ranging from $304.00 million to $315.09 million. For the next financial year, analysts anticipate that the company will post sales of $308.54 million, with estimates ranging from $304.40 million to $312.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.10). The business had revenue of $81.25 million for the quarter, compared to the consensus estimate of $80.70 million. Lexington Realty Trust had a net margin of 72.14% and a return on equity of 21.72%. The business’s revenue was down 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS.
In related news, EVP Joseph Bonventre sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $9.30, for a total transaction of $186,000.00. Following the transaction, the executive vice president now directly owns 362,103 shares of the company’s stock, valued at approximately $3,367,557.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.26% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Lexington Realty Trust by 433.4% in the 1st quarter. JPMorgan Chase & Co. now owns 4,232,107 shares of the real estate investment trust’s stock worth $38,342,000 after purchasing an additional 3,438,659 shares during the period. Stevens Capital Management LP lifted its position in Lexington Realty Trust by 178.6% during the 1st quarter. Stevens Capital Management LP now owns 46,842 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 30,028 shares during the period. Two Sigma Investments LP acquired a new stake in Lexington Realty Trust during the 4th quarter worth about $1,130,000. Northwood Liquid Management LP acquired a new stake in Lexington Realty Trust during the 4th quarter worth about $8,280,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in Lexington Realty Trust by 194.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 79,138 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 52,238 shares during the period. 85.32% of the stock is currently owned by institutional investors.
Shares of LXP traded down $0.15 during trading hours on Monday, reaching $9.49. 1,389,922 shares of the company’s stock traded hands, compared to its average volume of 1,448,615. The company has a market capitalization of $2.26 billion, a PE ratio of 9.89, a PEG ratio of 13.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 0.22. The firm’s 50 day simple moving average is $9.46. Lexington Realty Trust has a 12 month low of $7.66 and a 12 month high of $9.88.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.102 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 4.30%. Lexington Realty Trust’s dividend payout ratio is 42.71%.
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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