Dean Capital Management Has $2.54 Million Holdings in Lexington Realty Trust (NYSE:LXP)

Dean Capital Management decreased its position in shares of Lexington Realty Trust (NYSE:LXP) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,955 shares of the real estate investment trust’s stock after selling 153,795 shares during the quarter. Dean Capital Management owned 0.11% of Lexington Realty Trust worth $2,537,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Clearbridge LLC boosted its stake in shares of Lexington Realty Trust by 32.3% during the 4th quarter. Clearbridge LLC now owns 1,360,290 shares of the real estate investment trust’s stock worth $13,127,000 after acquiring an additional 331,860 shares in the last quarter. Community Bank of Raymore boosted its stake in shares of Lexington Realty Trust by 3.3% during the 4th quarter. Community Bank of Raymore now owns 698,300 shares of the real estate investment trust’s stock worth $6,739,000 after acquiring an additional 22,300 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Lexington Realty Trust by 2.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,753,701 shares of the real estate investment trust’s stock worth $28,143,000 after acquiring an additional 69,278 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Lexington Realty Trust by 2.4% during the 4th quarter. BlackRock Inc. now owns 33,079,860 shares of the real estate investment trust’s stock worth $319,220,000 after acquiring an additional 766,223 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Lexington Realty Trust by 98.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,813 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 35,611 shares in the last quarter. 75.01% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Lexington Realty Trust stock traded down $0.08 during trading on Friday, hitting $7.94. 773,170 shares of the company were exchanged, compared to its average volume of 1,209,610. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.14 and a quick ratio of 0.14. Lexington Realty Trust has a fifty-two week low of $7.68 and a fifty-two week high of $10.65. The company has a market capitalization of $1,918.92, a P/E ratio of 8.19, a P/E/G ratio of 2.27 and a beta of 0.88.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Lexington Realty Trust had a return on equity of 6.64% and a net margin of 21.84%. The firm had revenue of $102.17 million during the quarter, compared to the consensus estimate of $100.52 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts expect that Lexington Realty Trust will post 0.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a dividend of $0.1775 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.71 annualized dividend and a dividend yield of 8.94%. Lexington Realty Trust’s dividend payout ratio is currently 73.20%.

LXP has been the topic of several research analyst reports. Evercore ISI lowered Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. ValuEngine lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 3rd. Barclays decreased their price target on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 20th. Finally, Wells Fargo cut their price objective on Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Monday, March 19th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.39.

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About Lexington Realty Trust

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.

Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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