$80.77 Million in Sales Expected for Lexington Realty Trust (NYSE:LXP) This Quarter

Wall Street analysts expect Lexington Realty Trust (NYSE:LXP) to post sales of $80.77 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lexington Realty Trust’s earnings. The highest sales estimate is $81.30 million and the lowest is $80.24 million. Lexington Realty Trust posted sales of $81.79 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.2%. The firm is expected to announce its next earnings report on Thursday, August 5th.

On average, analysts expect that Lexington Realty Trust will report full-year sales of $325.76 million for the current fiscal year, with estimates ranging from $320.52 million to $331.00 million. For the next financial year, analysts expect that the company will post sales of $327.21 million, with estimates ranging from $325.92 million to $328.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Lexington Realty Trust.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Friday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $92.60 million during the quarter, compared to the consensus estimate of $81.68 million. Lexington Realty Trust had a return on equity of 11.10% and a net margin of 60.26%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS.

Separately, Zacks Investment Research downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 1st.

Shares of Lexington Realty Trust stock opened at $13.01 on Friday. The stock has a market capitalization of $3.61 billion, a P/E ratio of 18.07, a PEG ratio of 8.34 and a beta of 0.60. Lexington Realty Trust has a 52 week low of $9.65 and a 52 week high of $13.03. The business has a 50 day moving average of $12.09. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.22.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were issued a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Tuesday, March 30th. Lexington Realty Trust’s payout ratio is currently 56.58%.

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in Lexington Realty Trust during the first quarter valued at $26,000. Eaton Vance Management purchased a new position in shares of Lexington Realty Trust in the first quarter worth about $27,000. Berman Capital Advisors LLC increased its holdings in shares of Lexington Realty Trust by 99.8% in the first quarter. Berman Capital Advisors LLC now owns 3,598 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,797 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in shares of Lexington Realty Trust in the first quarter worth about $60,000. Finally, Point72 Hong Kong Ltd increased its holdings in shares of Lexington Realty Trust by 129.4% in the first quarter. Point72 Hong Kong Ltd now owns 6,117 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 3,450 shares during the period. 94.45% of the stock is owned by institutional investors.

Lexington Realty Trust Company Profile

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial 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.

Featured Article: How do candlesticks reflect price movement?

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.