Latest Stocks: Lexington Realty Trust (LXP) to Post FY2018 Earnings of $1.05 Per Share, KeyCorp Forecasts

Latest Stocks: Lexington Realty Trust (LXP) to Post FY2018 Earnings of $1.05 Per Share, KeyCorp Forecasts

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a report on Monday, March 20th. Finally, Barclays PLC cut Lexington Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $11.00 to $10.00 in a report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.33.

Lexington Realty Trust (NYSE:LXP) – Research analysts at KeyCorp lifted their FY2018 earnings per share (EPS) estimates for Lexington Realty Trust in a research report issued on Monday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will earn $1.05 per share for the year, up from their previous forecast of $1.02.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a report on Monday, March 20th. Finally, Barclays PLC cut Lexington Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $11.00 to $10.00 in a report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.33. Shares of Lexington Realty Trust (NYSE:LXP) traded up 0.43% during midday trading on Wednesday, hitting $9.36. The stock had a trading volume of 438,036 shares. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 27.69 and a beta of 0.94. Lexington Realty Trust has a 12 month low of $8.85 and a 12 month high of $11.42. The stock’s 50 day moving average price is $10.08 and its 200 day moving average price is $10.42.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a net margin of 24.89% and a return on equity of 7.95%. The company had revenue of $96.10 million for the quarter, compared to the consensus estimate of $94.72 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 13.9% on a year-over-year basis. The firm also recently declared a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were issued a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.70 dividend on an annualized basis and a yield of 7.51%. Lexington Realty Trust’s dividend payout ratio is presently 159.09%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC acquired a new position in Lexington Realty Trust during the fourth quarter worth approximately $106,000. Acrospire Investment Management LLC boosted its position in Lexington Realty Trust by 117.5% in the third quarter. Acrospire Investment Management LLC now owns 11,092 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,992 shares in the last quarter. James Investment Research Inc. acquired a new position in Lexington Realty Trust during the first quarter worth approximately $131,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lexington Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,524 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 737 shares in the last quarter. Finally, World Asset Management Inc boosted its position in Lexington Realty Trust by 1.8% in the first quarter. World Asset Management Inc now owns 13,870 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 249 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors. 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.

Related posts

Leave a Comment