Lexington Realty Trust (NYSE:LXP) On Hold Ahead Of First Quarter Earnings Report


Dallas, Texas 05/07/2014 (FINANCIALSTRENDS) – Lexington Realty Trust (NYSE:LXP) is hovering just below the $11 mark, as it has for the last two months. Analysts covering LXP have mostly been on a “hold” pattern for both the rating as well as the stock’s target price. The Company plans to release its first quarter 2014 earnings report on May 8, 2014, and the results will decide which way the wind blows afterwards for LXP.

Analyst Estimate for Lexington Realty Trust First Quarter

The analyst consensus estimate for Lexington Realty Trust pegs the Company’s first quarter revenues at $112.52 million, up 16.1% as compared to the first quarter 2013 revenue of $96.89 million. Analysts estimate the Company will report $0.28 in earnings per share, as compared to the $0.25 EPS for the same quarter last year.

If Lexington Realty Trust beats the estimate and year-on-year results, that will surely get the needle moving past $11. Note that it still leaves plenty of room for growth, because the consensus price target for LXP is more than $13.

Also note that Lexington Realty Trust propped up expectations a bit by offering a regular common share dividend of $0.165 per common share for the first quarter to all common shareholders of record as of March 31, 2014.

Lexington Realty Trust will release its first quarter 2014 earnings report on the morning of Thursday, May 8, 2014, followed by an earnings call at 11:00 a.m. Eastern Time on the same day.

About Lexington Realty Trust

Lexington Realty Trust is an REIT (real estate investment trust) with a multi-billion dollar diversified portfolio of single-tenant commercial properties and land, held as equity and debt interests. It’s one of the more reliable REITs out there still standing after the subprime-mortgage scandal and real estate crash, evidenced by the fact that Lexington has made quarterly distribution to its shareholders without interruption since 1993.

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