Zacks: Analysts Anticipate Lexington Realty Trust (LXP) Will Post Quarterly Sales of $95.91 Million
Brokerages forecast that Lexington Realty Trust (NYSE:LXP) will announce $95.91 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Lexington Realty Trust’s earnings. The highest sales estimate is $101.92 million and the lowest is $89.00 million. Lexington Realty Trust reported sales of $102.17 million during the same quarter last year, which indicates a negative year over year growth rate of 6.1%. The firm is expected to announce its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Lexington Realty Trust will report full year sales of $402.67 million for the current financial year, with estimates ranging from $393.00 million to $412.37 million. For the next financial year, analysts forecast that the business will post sales of $361.96 million, with estimates ranging from $326.40 million to $404.54 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). The company had revenue of $99.96 million for the quarter, compared to the consensus estimate of $96.87 million. Lexington Realty Trust had a return on equity of 19.03% and a net margin of 56.75%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS.
Institutional investors have recently modified their holdings of the stock. Family Management Corp bought a new stake in shares of Lexington Realty Trust in the second quarter worth $109,000. Wedbush Securities Inc. bought a new stake in shares of Lexington Realty Trust in the second quarter worth $117,000. Paloma Partners Management Co bought a new stake in shares of Lexington Realty Trust in the second quarter worth $122,000. Creative Planning bought a new stake in shares of Lexington Realty Trust in the third quarter worth $128,000. Finally, Redpoint Investment Management Pty Ltd bought a new stake in shares of Lexington Realty Trust in the third quarter worth $138,000. 73.61% of the stock is currently owned by institutional investors.
Shares of NYSE LXP traded down $0.06 during midday trading on Monday, reaching $8.41. 960,722 shares of the company were exchanged, compared to its average volume of 1,324,206. The stock has a market cap of $1.97 billion, a PE ratio of 8.67, a PEG ratio of 4.40 and a beta of 0.84. Lexington Realty Trust has a one year low of $7.59 and a one year high of $10.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.40.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.1775 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.71 annualized dividend and a dividend yield of 8.44%. Lexington Realty Trust’s dividend payout ratio is 73.20%.
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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