Lexington Realty Trust (NYSE:LXP) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.79 for the period. Lexington Realty Trust also updated its FY19 guidance to $0.75 to $0.79 EPS.
Lexington Realty Trust stock opened at $9.05 on Friday. The company has a market capitalization of $2.13 billion, a PE ratio of 9.03, a PEG ratio of 10.89 and a beta of 1.01. The company has a current ratio of 0.22, a quick ratio of 0.40 and a debt-to-equity ratio of 0.34. Lexington Realty Trust has a fifty-two week low of $7.59 and a fifty-two week high of $9.70.
Lexington Realty Trust (NYSE:LXP) last released its earnings results on Wednesday, February 27th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lexington Realty Trust had a return on equity of 18.56% and a net margin of 57.52%. The firm had revenue of $87.25 million during the quarter, compared to analysts’ expectations of $86.04 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was down 14.6% on a year-over-year basis. On average, equities research analysts predict that Lexington Realty Trust will post 0.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Thursday, March 28th.
A number of research firms have issued reports on LXP. Zacks Investment Research upgraded shares of Lexington Realty Trust from a sell rating to a hold rating in a research note on Tuesday, November 27th. DA Davidson upgraded shares of Lexington Realty Trust from a neutral rating to a buy rating in a research note on Tuesday, January 22nd. ValuEngine upgraded shares of Lexington Realty Trust from a sell rating to a hold rating in a research note on Saturday, December 1st. Finally, TheStreet upgraded shares of Lexington Realty Trust from a c+ rating to a b- rating in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $8.67.
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About Lexington Realty Trust
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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