Lexington Realty Trust (NYSE:LXP) – Investment badysts at KeyCorp lowered their FY2017 EPS estimates for shares of Lexington Realty Trust in a be aware issued to buyers on Wednesday, Zacks Investment Research studies. KeyCorp badyst C. Mailman now anticipates that the true property funding belief will earn $zero.94 per share for the yr, down from their prior estimate of $zero.95. KeyCorp has a “Hold” score on the inventory. KeyCorp additionally issued estimates for Lexington Realty Trust’s This autumn 2017 earnings at $zero.26 EPS and FY2018 earnings at $1.01 EPS.
Lexington Realty Trust (NYSE:LXP) final issued its quarterly earnings information on Tuesday, November seventh. The actual property funding belief reported $zero.25 earnings per share (EPS) for the quarter, beating badysts’ consensus estimates of $zero.24 by $zero.01. The agency had income of $97.70 million through the quarter, in comparison with badysts’ expectations of $97.71 million. Lexington Realty Trust had a web margin of 17.96% and a return on fairness of 5.29%. The enterprise’s income was down eight.1% on a year-over-year foundation. During the identical interval final yr, the corporate earned $zero.28 earnings per share.
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LXP has been the subject of numerous different studies. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” score to a “hold” score in a badysis report on Friday, November 10th. DA Davidson started protection on shares of Lexington Realty Trust in a badysis report on Monday, September 25th. They set a “neutral” score and a $10.75 worth goal on the inventory. BidaskClub lowered shares of Lexington Realty Trust from a “hold” score to a “sell” score in a badysis report on Thursday, August 10th. Ladenburg Thalmann Financial Services reissued a “hold” score on shares of Lexington Realty Trust in a badysis report on Thursday, August 17th. Finally, Jefferies Group LLC reissued a “hold” score and set a $11.00 worth goal on shares of Lexington Realty Trust in a badysis report on Tuesday, October 24th. Two badysis badysts have rated the inventory with a promote score, six have given a maintain score and one has issued a purchase score to the inventory. The inventory has a mean score of “Hold” and a consensus worth goal of $10.79.
Shares of Lexington Realty Trust (NYSE LXP) traded up $zero.06 throughout noon buying and selling on Friday, hitting $10.56. 560,533 shares of the inventory had been exchanged, in comparison with its common quantity of 728,689. The firm has a debt-to-equity ratio of zero.73, a present ratio of zero.19 and a fast ratio of zero.19. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week excessive of $11.42. The agency has a market capitalization of $2,541.20, a PE ratio of 11.12, a P/E/G ratio of two.76 and a beta of zero.95.
Quite a lot of hedge funds have not too long ago made adjustments to their positions within the enterprise. Vanguard Group Inc. raised its place in Lexington Realty Trust by zero.6% within the second quarter. Vanguard Group Inc. now owns 39,946,886 shares of the true property funding belief’s inventory value $395,874,000 after buying a further 251,811 shares through the interval. State Street Corp raised its place in Lexington Realty Trust by 2.three% within the second quarter. State Street Corp now owns 6,446,167 shares of the true property funding belief’s inventory value $63,887,000 after buying a further 143,909 shares through the interval. Macquarie Group Ltd. raised its place in Lexington Realty Trust by 6.three% within the third quarter. Macquarie Group Ltd. now owns 5,633,077 shares of the true property funding belief’s inventory value $57,570,000 after buying a further 332,341 shares through the interval. Northern Trust Corp raised its place in Lexington Realty Trust by 6.four% within the second quarter. Northern Trust Corp now owns four,030,187 shares of the true property funding belief’s inventory value $39,939,000 after buying a further 243,882 shares through the interval. Finally, Dimensional Fund Advisors LP raised its place in Lexington Realty Trust by 1.5% within the third quarter. Dimensional Fund Advisors LP now owns three,229,731 shares of the true property funding belief’s inventory value $33,008,000 after buying a further 48,977 shares through the interval. 72.62% of the inventory is at present owned by institutional buyers and hedge funds.
The enterprise additionally not too long ago disclosed a quarterly dividend, which can be paid on Tuesday, January 16th. Shareholders of file on Friday, December 29th can be given a $zero.1775 dividend. This is a constructive change from Lexington Realty Trust’s earlier quarterly dividend of $zero.18. The ex-dividend date is Thursday, December 28th. This represents a $zero.71 annualized dividend and a yield of 6.72%. Lexington Realty Trust’s payout ratio is at present 259.26%.
About Lexington Realty Trust
Lexington Realty Trust is an actual property funding belief (REIT). The Company owns a portfolio of fairness and debt investments in single-tenant business properties. As of December 31, 2016, the Company had fairness possession pursuits in roughly 195 consolidated actual property properties, situated in 40 states and containing an mixture of roughly 43.three million sq. toes of area, roughly 96.zero% of which was leased.
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