About Lexington Realty Trust (NYSE:LXP)
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. The Company conducts its operations either directly or indirectly through property owner subsidiaries and lender subsidiaries, which are single purpose entities; an operating partnership, Lepercq Corporate Income Fund L.P. (LCIF), in which the Company is the sole unit holder of the general partner and the sole unit holder of the limited partner that holds a majority of the limited partner interests; Lexington Realty Advisors, Inc. (LRA), a subsidiary of the Company, and investments in joint ventures.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial REITs
- Sub-Industry: Diversified REITs
- Symbol: NYSE:LXP
- CUSIP: 52904310
- Web: www.lxp.com
- Market Cap: $2.5 billion
- Outstanding Shares: 240,621,000
- 50 Day Moving Avg: $10.24
- 200 Day Moving Avg: $10.04
- 52 Week Range: $9.00 - $11.42
Sales & Book Value:
- Trailing P/E Ratio: 76.89
- Foreward P/E Ratio: 38.44
- P/E Growth: 6.34
- Annual Revenue: $393.09 million
- Price / Sales: 6.35
- Book Value: $5.34 per share
- Price / Book: 1.94
- Annual Dividend: $0.70
- Dividend Yield: 6.7%
- EBITDA: $316.72 million
- Net Margins: 9.80%
- Return on Equity: 2.92%
- Return on Assets: 1.13%
- Debt-to-Equity Ratio: 0.48%
- Current Ratio: 0.14%
- Quick Ratio: 0.14%
- Average Volume: 837,448 shs.
- Beta: 0.96
- Short Ratio: 1.75
Frequently Asked Questions for Lexington Realty Trust (NYSE:LXP)
What is Lexington Realty Trust's stock symbol?
Lexington Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LXP."
How often does Lexington Realty Trust pay dividends? What is the dividend yield for Lexington Realty Trust?
Lexington Realty Trust declared a quarterly dividend on Friday, September 15th. Investors of record on Friday, September 29th will be paid a dividend of $0.175 per share on Monday, October 16th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Thursday, September 28th. View Lexington Realty Trust's Dividend History.
How were Lexington Realty Trust's earnings last quarter?
Lexington Realty Trust (NYSE:LXP) posted its earnings results on Tuesday, August, 8th. The company reported $0.23 EPS for the quarter, missing the Zacks' consensus estimate of $0.24 by $0.01. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The business's quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. View Lexington Realty Trust's Earnings History.
When will Lexington Realty Trust make its next earnings announcement?
What guidance has Lexington Realty Trust issued on next quarter's earnings?
Lexington Realty Trust updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $0.94-0.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96.
Where is Lexington Realty Trust's stock going? Where will Lexington Realty Trust's stock price be in 2017?
7 brokers have issued twelve-month target prices for Lexington Realty Trust's stock. Their predictions range from $10.00 to $11.00. On average, they expect Lexington Realty Trust's stock price to reach $10.55 in the next twelve months. View Analyst Ratings for Lexington Realty Trust.
Who are some of Lexington Realty Trust's key competitors?
Some companies that are related to Lexington Realty Trust include Biomed Realty Trust (BMR), STORE Capital Corporation (STOR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN), Intu Properties PLC (INTU), Shaftesbury plc (SHB), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Select Income REIT (SIR), Great Portland Estates Plc (GPOR), American Assets Trust (AAT), Government Properties Income Trust (GOV), Workspace Group plc (WKP), Global Net Lease (GNL) and Seritage Growth Properties (SRG).
Who are Lexington Realty Trust's key executives?
Lexington Realty Trust's management team includes the folowing people:
- E. Robert R. Roskind, Chairman of the Board of Trustees
- T. Wilson Eglin, President, Chief Executive Officer, Trustee
- Richard Jon Rouse, Vice Chairman of the Management Board, Chief Investment Officer
- Patrick Carroll, Chief Financial Officer, Executive Vice President, Treasurer
- Beth Boulerice, Executive Vice President, Chief Accounting Officer
- Joseph S. Bonventre, Executive Vice President, General Counsel, Secretary
- Richard S. Frary, Lead Independent Trustee
- Harold First, Independent Trustee
- Lawrence L. Gray, Independent Trustee
- Jamie O. Handwerker, Independent Trustee
Who owns Lexington Realty Trust stock?
Lexington Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Shikiar Asset Management Inc. (0.25%), Meeder Asset Management Inc. (0.02%) and Ingalls & Snyder LLC (0.01%). Company insiders that own Lexington Realty Trust stock include Beth Boulerice, E Robert Roskind, Joseph Bonventre, Richard J Rouse and T Wilson Eglin. View Institutional Ownership Trends for Lexington Realty Trust.
Who sold Lexington Realty Trust stock? Who is selling Lexington Realty Trust stock?
Lexington Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. Company insiders that have sold Lexington Realty Trust stock in the last year include E Robert Roskind, Joseph Bonventre and T Wilson Eglin. View Insider Buying and Selling for Lexington Realty Trust.
Who bought Lexington Realty Trust stock? Who is buying Lexington Realty Trust stock?
How do I buy Lexington Realty Trust stock?
Shares of Lexington Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lexington Realty Trust's stock price today?
MarketBeat Community Rating for Lexington Realty Trust (NYSE LXP)MarketBeat's community ratings are surveys of what our community members think about Lexington Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Lexington Realty Trust stock can currently be purchased for approximately $10.38.
Consensus Ratings for Lexington Realty Trust (NYSE:LXP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 5 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$10.55 (1.64% upside)|Consensus Price Target History for Lexington Realty Trust (NYSE:LXP)
Analysts' Ratings History for Lexington Realty Trust (NYSE:LXP)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/25/2017||DA Davidson||Initiated Coverage||Neutral||$10.75||High|
|8/17/2017||Ladenburg Thalmann Financial Services||Reiterated Rating||Hold||Low|
|7/6/2017||Stifel Nicolaus||Reiterated Rating||Hold||$10.00||Low|
|6/23/2017||Jefferies Group LLC||Reiterated Rating||Hold||$11.00||Low|
|5/25/2017||Evercore ISI||Upgrade||In-Line -> Outperform||$11.00||Low|
|1/23/2017||Barclays PLC||Downgrade||Equal Weight -> Underweight||$11.00 -> $10.00||N/A|
|5/5/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|3/29/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||N/A|
Earnings History for Lexington Realty Trust (NYSE:LXP)Earnings History by Quarter for Lexington Realty Trust (NYSE LXP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.24||$0.23||$95.41 million||$95.70 million||View||Listen|
|5/9/2017||Q1 17||$0.24||$0.23||$94.72 million||$96.10 million||View||Listen|
|3/1/2017||Q4 2016||$0.08||$0.24||$95.11 million||$95.30 million||View||Listen|
|11/3/2016||Q316||$0.26||$0.28||$101.21 million||$106.30 million||View||N/A|
|8/9/2016||Q216||$0.27||$0.29||$103.72 million||$109.60 million||View||N/A|
|5/5/2016||Q116||$0.27||$0.30||$107.03 million||$111.60 million||View||N/A|
|2/23/2016||Q415||$0.26||$0.29||$106.33 million||$106.60 million||View||Listen|
|11/5/2015||Q315||$0.26||$0.27||$106.60 million||$105.40 million||View||N/A|
|8/4/2015||Q215||$0.26||$0.27||$105.30 million||$110.30 million||View||N/A|
|5/7/2015||Q115||$0.26||$0.26||$105.97 million||$108.60 million||View||N/A|
|2/19/2015||Q414||$0.27||$0.27||$106.90 million||$108.00 million||View||N/A|
|11/7/2014||Q314||$0.27||$0.28||$109.90 million||$109.50 million||View||N/A|
|8/7/2014||Q214||$0.28||$0.28||$113.10 million||$109.75 million||View||N/A|
|5/8/2014||Q114||$0.28||$0.28||$112.52 million||$112.20 million||View||N/A|
|2/20/2014||Q413||$0.27||$0.28||$105.30 million||$109.60 million||View||N/A|
|11/5/2013||Q313||$0.26||$0.25||$99.96 million||$97.90 million||View||N/A|
|8/7/2013||Q213||$0.24||$0.25||$100.33 million||$99.40 million||View||N/A|
|5/2/2013||Q113||$0.25||$0.25||$96.27 million||$97.10 million||View||N/A|
|2/21/2013||Q412||$0.25||$0.25||$97.44 million||$95.53 million||View||N/A|
|11/6/2012||Q312||$0.24||$0.25||$86.91 million||$87.65 million||View||N/A|
Earnings Estimates for Lexington Realty Trust (NYSE:LXP)
2017 EPS Consensus Estimate: $0.97
2018 EPS Consensus Estimate: $1.00
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Lexington Realty Trust (NYSE:LXP)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||4.50% (3 Year Average)|
|Payout Ratio:||500.00% (Trailing 12 Months of Earnings) |
212.12% (Based on This Year's Estimates)
259.26% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Lexington Realty Trust (NYSE LXP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Lexington Realty Trust (NYSE:LXP)
Insider Ownership Percentage: 3.10%Insider Trades by Quarter for Lexington Realty Trust (NYSE:LXP)
Institutional Ownership Percentage: 72.14%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/14/2017||T Wilson Eglin||CEO||Sell||24,170||$9.81||$237,107.70|| |
|6/12/2017||Joseph Bonventre||EVP||Sell||135,298||$10.13||$1,370,568.74|| |
|5/18/2017||E Robert Roskind||Chairman||Sell||70,000||$9.54||$667,800.00|| |
|12/15/2016||Joseph Bonventre||EVP||Sell||5,000||$10.50||$52,500.00|| |
|8/22/2016||T Wilson Eglin||CEO||Sell||25,000||$10.70||$267,500.00|| |
|8/16/2016||Richard J Rouse||Vice Chairman||Sell||25,000||$10.70||$267,500.00|| |
|6/10/2016||T Wilson Eglin||CEO||Sell||50,000||$9.78||$489,000.00|| |
|6/2/2016||Beth Boulerice||CAO||Sell||7,400||$9.60||$71,040.00|| |
|5/17/2016||Richard J Rouse||Vice Chairman||Sell||10,000||$9.18||$91,800.00|| |
|5/10/2016||Joseph Bonventre||EVP||Sell||13,979||$9.26||$129,445.54|| |
|12/3/2015||Richard J Rouse||Vice Chairman||Sell||38,257||$8.28||$316,767.96|| |
|6/15/2015||T Wilson Eglin||CEO||Buy||50,000||$8.96||$448,000.00|| |
|6/12/2015||E Robert Roskind||Chairman||Sell||10,000||$9.01||$90,100.00|| |
|6/11/2015||Patrick Carroll||CFO||Buy||25,000||$8.97||$224,250.00|| |
|6/10/2015||E Robert Roskind||Chairman||Sell||40,000||$9.05||$362,000.00|| |
|6/10/2015||Richard J Rouse||Vice Chairman||Sell||30,000||$9.03||$270,900.00|| |
|6/9/2015||E Robert Roskind||Chairman||Sell||1,504||$9.00||$13,536.00|| |
|6/8/2015||E Robert Roskind||Chairman||Sell||20,000||$9.06||$181,200.00|| |
|12/3/2014||Patrick Carroll||CFO||Sell||43,225||$11.21||$484,552.25|| |
|11/18/2014||Patrick Carroll||CFO||Sell||2,125||$11.05||$23,481.25|| |
|9/8/2014||E Robert Roskind||Chairman||Sell||30,000||$11.15||$334,500.00|| |
|9/3/2014||Richard J Rouse||Chairman||Sell||46,817||$10.94||$512,177.98|| |
|3/13/2014||E Robert Roskind||Chairman||Sell||40,000||$11.25||$450,000.00|| |
|3/6/2014||Patrick Carroll||CFO||Sell||55,000||$11.68||$642,400.00|| |
|12/12/2013||Richard Rouse||Chairman||Sell||20,000||$10.13||$202,600.00|| |
|8/15/2013||E Robert Roskind||Chairman||Sell||40,000||$12.11||$484,400.00|| |
|6/6/2013||T Wilson Eglin||CEO||Sell||124,000||$12.35||$1,531,400.00|| |
|6/5/2013||E Robert Roskind||Chairman||Sell||35,000||$12.23||$428,050.00|| |
Headline Trends for Lexington Realty Trust (NYSE:LXP)
Latest Headlines for Lexington Realty Trust (NYSE:LXP)
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Lexington Realty Trust (LXP) Chart for Sunday, October, 22, 2017