State of Tennessee Treasury Department trimmed its holdings in Lexington Realty Trust (NYSE:LXP) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,320 shares of the real estate investment trust’s stock after selling 11,903 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.08% of Lexington Realty Trust worth $1,925,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Equity Partners LLC raised its holdings in shares of Lexington Realty Trust by 3.0% in the third quarter. Chicago Equity Partners LLC now owns 584,850 shares of the real estate investment trust’s stock worth $5,977,000 after buying an additional 16,970 shares during the period. Forsta AP Fonden raised its holdings in shares of Lexington Realty Trust by 65.7% in the third quarter. Forsta AP Fonden now owns 174,800 shares of the real estate investment trust’s stock worth $1,786,000 after buying an additional 69,300 shares during the period. Foundry Partners LLC raised its holdings in shares of Lexington Realty Trust by 6.0% in the third quarter. Foundry Partners LLC now owns 1,097,691 shares of the real estate investment trust’s stock worth $11,218,000 after buying an additional 61,707 shares during the period. RMR Advisors LLC raised its holdings in shares of Lexington Realty Trust by 17.7% in the third quarter. RMR Advisors LLC now owns 399,058 shares of the real estate investment trust’s stock worth $4,078,000 after buying an additional 60,000 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Lexington Realty Trust in the third quarter worth approximately $500,000. Hedge funds and other institutional investors own 72.68% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, August 17th. DA Davidson assumed coverage on Lexington Realty Trust in a report on Monday, September 25th. They set a “neutral” rating and a $10.75 price objective on the stock. Finally, KeyCorp restated 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, six have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.79.
Lexington Realty Trust (NYSE LXP) opened at $10.56 on Monday. Lexington Realty Trust has a fifty-two week low of $9.00 and a fifty-two week high of $11.42. The company has a market capitalization of $2,541.20, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. 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 (NYSE:LXP) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The business had revenue of $97.70 million for the quarter, compared to the consensus estimate of $97.71 million. During the same period last year, the business posted $0.28 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. equities analysts predict that Lexington Realty Trust will post 0.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.1775 dividend. The ex-dividend date of this dividend is Thursday, December 28th. 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 dividend yield of 6.72%. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 259.26%.
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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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