Alps Advisors Inc. trimmed its position in shares of Lexington Realty Trust (NYSE:LXP) by 41.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,435 shares of the real estate investment trust’s stock after selling 70,547 shares during the quarter. Alps Advisors Inc.’s holdings in Lexington Realty Trust were worth $1,049,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its holdings in Lexington Realty Trust by 4.6% in the second quarter. Ameritas Investment Partners Inc. now owns 22,614 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 1,000 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Lexington Realty Trust by 5.4% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,892 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 1,172 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Lexington Realty Trust by 102.4% in the third quarter. Harbor Investment Advisory LLC now owns 2,380 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,204 shares in the last quarter. Amalgamated Bank increased its holdings in Lexington Realty Trust by 5.4% in the third quarter. Amalgamated Bank now owns 25,853 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Lexington Realty Trust by 2.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 71,000 shares of the real estate investment trust’s stock worth $749,000 after purchasing an additional 1,900 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

LXP stock opened at $10.25 on Friday. The stock’s fifty day simple moving average is $10.50 and its two-hundred day simple moving average is $10.63. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.26. Lexington Realty Trust has a 1-year low of $7.86 and a 1-year high of $12.08. The stock has a market cap of $2.84 billion, a P/E ratio of 17.08 and a beta of 0.67.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Lexington Realty Trust had a net margin of 81.16% and a return on equity of 16.26%. The firm had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $81.82 million. During the same period in the prior year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Lexington Realty Trust will post 0.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a dividend of $0.108 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.21%. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, December 30th. Lexington Realty Trust’s payout ratio is presently 52.50%.

Several equities research analysts have recently commented on the company. TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, August 10th. ValuEngine downgraded Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, October 12th. Finally, Zacks Investment Research cut Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 10th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.38.

Lexington Realty Trust Profile

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Further Reading: Example of operating income, EBIT and EBITDA

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

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