Amalgamated Bank Has $301,000 Position in Lexington Realty Trust (LXP)
Amalgamated Bank trimmed its stake in shares of Lexington Realty Trust (NYSE:LXP) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,413 shares of the real estate investment trust’s stock after selling 566 shares during the period. Amalgamated Bank’s holdings in Lexington Realty Trust were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Lexington Realty Trust by 8,779.8% during the first quarter. BlackRock Inc. now owns 31,979,546 shares of the real estate investment trust’s stock worth $319,155,000 after acquiring an additional 31,619,409 shares during the period. Legal & General Group Plc grew its holdings in Lexington Realty Trust by 5.0% during the first quarter. Legal & General Group Plc now owns 1,021,784 shares of the real estate investment trust’s stock worth $10,196,000 after acquiring an additional 48,862 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Lexington Realty Trust by 4.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,339 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 964 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Lexington Realty Trust during the first quarter worth about $129,000. Finally, World Asset Management Inc grew its holdings in Lexington Realty Trust by 1.0% during the second quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 144 shares during the period. 72.14% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Lexington Realty Trust (LXP) opened at 10.53 on Wednesday. The company’s 50-day moving average price is $10.07 and its 200 day moving average price is $10.01. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 78.00 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The company had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The firm’s revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts forecast that Lexington Realty Trust will post $0.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 6.65%. The ex-dividend date is Thursday, September 28th. Lexington Realty Trust’s dividend payout ratio is presently 500.00%.
LXP has been the topic of several analyst reports. Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 target price on shares of Lexington Realty Trust in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a report on Friday, June 23rd. BidaskClub raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.63.
In other Lexington Realty Trust news, CEO T Wilson Eglin sold 24,170 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the completion of the sale, the chief executive officer now directly owns 2,223,251 shares of the company’s stock, valued at approximately $21,810,092.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.
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.
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