Lexington Realty Trust (NYSE:LXP) – Research analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for shares of Lexington Realty Trust in a note issued to investors on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.00 per share for the year, down from their prior forecast of $1.01. Jefferies Group currently has a “Hold” rating and a $11.00 price objective on the stock.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, October 26th. Evercore ISI cut shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a research report on Sunday, September 24th. Finally, DA Davidson assumed coverage on shares of Lexington Realty Trust in a research report on Monday, September 25th. They set a “neutral” rating and a $10.75 price target on the stock. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and a consensus target price of $10.79.

Shares of Lexington Realty Trust (NYSE LXP) traded down $0.05 during midday trading on Wednesday, reaching $9.17. 1,024,000 shares of the company’s stock were exchanged, compared to its average volume of 1,020,720. Lexington Realty Trust has a twelve month low of $9.00 and a twelve month high of $11.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $2,220.00, a PE ratio of 31.62, a P/E/G ratio of 2.29 and a beta of 0.97.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The business had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $97.71 million. During the same period last year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 8.1% on a year-over-year basis.

Institutional investors have recently modified their holdings of the company. Adviser Investments LLC bought a new position in shares of Lexington Realty Trust in the third quarter worth approximately $109,000. Ingalls & Snyder LLC bought a new position in shares of Lexington Realty Trust in the third quarter worth approximately $140,000. Riverhead Capital Management LLC grew its holdings in shares of Lexington Realty Trust by 86.3% in the second quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 6,384 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Lexington Realty Trust by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Cipher Capital LP bought a new position in shares of Lexington Realty Trust in the third quarter worth approximately $155,000. Hedge funds and other institutional investors own 73.93% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.1775 dividend. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.71 annualized dividend and a dividend yield of 7.74%. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 244.83%.

COPYRIGHT VIOLATION WARNING: “Jefferies Group Comments on Lexington Realty Trust’s FY2018 Earnings (LXP)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/jefferies-group-comments-on-lexington-realty-trusts-fy2018-earnings-lxp/1811170.html.

Lexington Realty Trust Company Profile

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.

Earnings History and Estimates for Lexington Realty Trust (NYSE:LXP)

Receive News & Ratings for Lexington Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexington Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.