Analyst’s Recommendation on: Lexington Realty Trust (LXP)

The shares of Lexington Realty Trust (NYSE:LXP) currently has mean rating of 2.78 while 1 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 6 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 102.16M by 4 analysts. The means estimate of sales for the year ending Dec 16 is 410.26M by 5 analysts.

The mean price target for the shares of Lexington Realty Trust (LXP) is at 9.33 while the highest price target suggested by the analysts is 10.00 and low price target is 8.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Lexington Realty Trust (LXP) stands at 0.27 while the EPS for the current year is fixed at 1.07 by 9 analysts.

The next one year’s EPS estimate is set at 1.05 by 1.05 analysts while a year ago the analysts suggested the company’s EPS at 0.25. The analysts also projected the company’s long-term growth at 1.97% for the upcoming five years.

In its latest quarter ended on 31^st Mar 2016, Lexington Realty Trust (LXP) reported earnings of $0.30. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 11.10%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 05, 2016 Lexington Realty Trust (LXP) announced results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights

• Generated Company Funds From Operations (“Company FFO”) of $72.1 million, or $0.30 per diluted common share.


• Disposed of three properties and a non-consolidated investment in an office property for aggregate gross disposition proceeds of $64.9 million.


• Acquired an industrial property in Detroit, Michigan for $29.7 million.


• Invested $33.7 million in on-going build-to-suit projects.


• Completed 1.7 million square feet of new leases and lease extensions with overall portfolio 96.7% leased at quarter end.


• Obtained $57.5 million 15-year non-recourse financing, which bears interest at a 5.2% fixed rate and is secured by the Richmond, Virginia property.


• Retired $8.3 million of secured debt and $30.0 million of credit facility borrowings.


• Repurchased 1.2 million common shares at an average price of $7.56 per share.