Lexington Realty Trust (LXP) Holdings Reduced by LSV Asset Management

LSV Asset Management reduced its stake in shares of Lexington Realty Trust (NYSE:LXP) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,572,930 shares of the real estate investment trust’s stock after selling 46,200 shares during the quarter. LSV Asset Management’s holdings in Lexington Realty Trust were worth $111,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Community Bank of Raymore grew its holdings in 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 valued at $6,739,000 after buying an additional 22,300 shares in the last quarter. Foundry Partners LLC grew its holdings in Lexington Realty Trust by 3.5% during the 4th quarter. Foundry Partners LLC now owns 1,135,695 shares of the real estate investment trust’s stock valued at $10,959,000 after buying an additional 38,004 shares in the last quarter. RMR Advisors LLC grew its holdings in Lexington Realty Trust by 17.4% during the 4th quarter. RMR Advisors LLC now owns 468,638 shares of the real estate investment trust’s stock valued at $4,522,000 after buying an additional 69,580 shares in the last quarter. Strs Ohio grew its holdings in Lexington Realty Trust by 2.5% during the 4th quarter. Strs Ohio now owns 366,541 shares of the real estate investment trust’s stock valued at $3,537,000 after buying an additional 8,951 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Lexington Realty Trust by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,840,054 shares of the real estate investment trust’s stock valued at $27,407,000 after buying an additional 86,353 shares in the last quarter. 73.92% of the stock is owned by institutional investors and hedge funds.

Lexington Realty Trust (NYSE LXP) opened at $8.64 on Friday. Lexington Realty Trust has a fifty-two week low of $8.57 and a fifty-two week high of $11.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $2,079.16, a price-to-earnings ratio of 9.09, a P/E/G ratio of 2.14 and a beta of 0.85.

Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share 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 firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. During the same period last year, the firm posted $0.28 earnings per share. Lexington Realty Trust’s revenue for the quarter was down 8.1% compared to the same quarter last year. research analysts predict that Lexington Realty Trust will post 0.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.1775 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change 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 8.22%. Lexington Realty Trust’s dividend payout ratio (DPR) is 262.96%.

A number of brokerages have issued reports on LXP. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group reaffirmed a “hold” rating and set a $11.00 price objective on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Evercore ISI lowered shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Finally, ValuEngine lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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