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.

A number of analysts have weighed in on the stock. Jefferies Financial Group raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. ValuEngine raised shares of Lexington Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Monday, October 8th. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Wells Fargo & Co raised shares of Lexington Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $8.50 to $9.00 in a research note on Thursday, September 27th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Lexington Realty Trust currently has a consensus rating of “Hold” and an average target price of $8.60.

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.

Featured Story: What is the balance sheet?

Get a free copy of the Zacks research report on Lexington Realty Trust (LXP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.