Strs Ohio increased its position in Lexington Realty Trust (NYSE:LXP) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 430,430 shares of the real estate investment trust’s stock after buying an additional 1,826 shares during the period. Strs Ohio’s holdings in Lexington Realty Trust were worth $4,351,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Hancock Holding Co. acquired a new position in Lexington Realty Trust during the first quarter worth about $101,000. Paragon Capital Management Ltd acquired a new position in Lexington Realty Trust during the second quarter worth about $116,000. Schonfeld Strategic Advisors LLC acquired a new position in Lexington Realty Trust during the first quarter worth about $131,000. First Manhattan Co. boosted its position in Lexington Realty Trust by 10.0% in the second quarter. First Manhattan Co. now owns 16,500 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 1,500 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted its position in Lexington Realty Trust by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 21,207 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 71.41% of the company’s stock.
Shares of Lexington Realty Trust (NYSE:LXP) traded down 0.41% during midday trading on Thursday, reaching $9.68. The company’s stock had a trading volume of 942,081 shares. The company has a market capitalization of $2.29 billion, a P/E ratio of 18.76 and a beta of 1.17. Lexington Realty Trust has a one year low of $6.52 and a one year high of $11.02. The stock’s 50-day moving average is $10.48 and its 200-day moving average is $9.81.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, August 9th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. Lexington Realty Trust had a return on equity of 9.26% and a net margin of 29.34%. The company had revenue of $109.60 million for the quarter, compared to analysts’ expectations of $103.72 million. During the same period last year, the firm earned $0.27 earnings per share. Lexington Realty Trust’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Lexington Realty Trust will post $1.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.23%. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.17. Lexington Realty Trust’s payout ratio is 134.62%.
A number of equities analysts recently issued reports on LXP shares. Jefferies Group cut Lexington Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Tuesday, July 19th. Evercore ISI cut Lexington Realty Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from $9.75 to $10.00 in a report on Monday, June 13th. Barclays PLC restated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a report on Tuesday, August 16th. Finally, Zacks Investment Research upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Lexington Realty Trust currently has an average rating of “Hold” and a consensus target price of $10.25.
In other news, CEO T Wilson Eglin sold 25,000 shares of Lexington Realty Trust stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $10.70, for a total transaction of $267,500.00. Following the sale, the chief executive officer now owns 2,038,528 shares in the company, valued at $21,812,249.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.
Lexington Realty Trust Company Profile
Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area.
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