California State Teachers Retirement System cut its holdings in shares of Lexington Realty Trust (NYSE:LXP) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,865 shares of the real estate investment trust’s stock after selling 37,066 shares during the period. California State Teachers Retirement System owned 0.14% of Lexington Realty Trust worth $3,545,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in LXP. Adviser Investments LLC purchased a new stake in shares of Lexington Realty Trust during the 3rd quarter worth $109,000. Riverhead Capital Management LLC raised its stake in Lexington Realty Trust by 86.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 6,384 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in Lexington Realty Trust in the 3rd quarter valued at about $140,000. Pacad Investment Ltd. raised its stake in Lexington Realty Trust by 53.7% in the 2nd quarter. Pacad Investment Ltd. now owns 14,600 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Lexington Realty Trust by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 1,460 shares during the last quarter. Institutional investors and hedge funds own 73.92% of the company’s stock.
Shares of Lexington Realty Trust (NYSE:LXP) traded up $0.15 during mid-day trading on Wednesday, reaching $9.02. The company had a trading volume of 1,456,742 shares, compared to its average volume of 957,283. Lexington Realty Trust has a fifty-two week low of $8.84 and a fifty-two week high of $11.42. The company has a market capitalization of $2,151.36, a PE ratio of 33.41, a P/E/G ratio of 2.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19.
Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. Lexington Realty Trust’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. sell-side analysts expect that Lexington Realty Trust will post 0.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were 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 annualized dividend and a yield of 7.87%. The ex-dividend date was Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio is currently 262.96%.
Several brokerages recently weighed in on LXP. Evercore ISI downgraded shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Zacks Investment Research cut Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Jefferies Group restated a “hold” rating and issued a $11.00 price target on shares of Lexington Realty Trust in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Lexington Realty Trust has an average rating of “Hold” and an average price target of $10.95.
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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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