Lexington Realty Trust (NYSE:LXP) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.105 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.42 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.10.
Lexington Realty Trust stock opened at $10.66 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of -20.29 and a beta of 0.84. Lexington Realty Trust has a fifty-two week low of $7.88 and a fifty-two week high of $10.93. The stock’s fifty day moving average is $10.50 and its two-hundred day moving average is $9.84.
Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.39. The company had revenue of $81.55 million for the quarter, compared to analyst estimates of $79.80 million. Lexington Realty Trust had a return on equity of 23.21% and a net margin of 84.56%. Lexington Realty Trust’s revenue was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. As a group, sell-side analysts forecast that Lexington Realty Trust will post 0.79 EPS for the current fiscal year.
Lexington Realty Trust Company Profile
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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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