Public Employees Retirement System of Ohio lifted its stake in shares of Lexington Realty Trust (NYSE:LXP) by 98.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,813 shares of the real estate investment trust’s stock after acquiring an additional 35,611 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Lexington Realty Trust were worth $734,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in LXP. Schwab Charles Investment Management Inc. raised its holdings in Lexington Realty Trust by 49.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the real estate investment trust’s stock valued at $26,603,000 after buying an additional 892,164 shares during the period. American Century Companies Inc. raised its holdings in Lexington Realty Trust by 35.6% during the 3rd quarter. American Century Companies Inc. now owns 2,261,255 shares of the real estate investment trust’s stock valued at $23,110,000 after buying an additional 593,604 shares during the period. Macquarie Group Ltd. increased its stake in Lexington Realty Trust by 6.3% in the third quarter. Macquarie Group Ltd. now owns 5,633,077 shares of the real estate investment trust’s stock worth $57,570,000 after purchasing an additional 332,341 shares during the period. WINTON GROUP Ltd increased its stake in Lexington Realty Trust by 120.7% in the second quarter. WINTON GROUP Ltd now owns 594,804 shares of the real estate investment trust’s stock worth $5,895,000 after purchasing an additional 325,309 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Lexington Realty Trust in the second quarter worth $295,000. Institutional investors own 73.93% of the company’s stock.
A number of equities analysts have recently issued reports on LXP shares. Zacks Investment Research downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. DA Davidson assumed coverage on Lexington Realty Trust in a research report on Monday, September 25th. They set a “neutral” rating and a $10.75 price objective on the stock. Evercore ISI downgraded Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Finally, KeyCorp reissued a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $10.79.
Lexington Realty Trust (NYSE LXP) opened at $9.22 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42. The firm has a market capitalization of $2,245.21, a P/E ratio of 34.15, a P/E/G ratio of 2.32 and a beta of 0.97.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The company had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. During the same period last year, the business earned $0.28 earnings per share. Lexington Realty Trust’s revenue was down 8.1% compared to the same quarter last year. equities analysts predict that Lexington Realty Trust will post 0.96 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.1775 dividend. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.71 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date of this dividend is Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 262.96%.
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Lexington Realty Trust Company Profile
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.
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