Bessemer Group Inc. raised its position in Lexington Realty Trust (NYSE:LXP) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 214,400 shares of the real estate investment trust’s stock after buying an additional 4,848 shares during the period. Bessemer Group Inc.’s holdings in Lexington Realty Trust were worth $2,125,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Miles Capital Inc. boosted its stake in shares of Lexington Realty Trust by 0.3% in the first quarter. Miles Capital Inc. now owns 16,411 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 44 shares during the period. World Asset Management Inc raised its position in Lexington Realty Trust by 1.8% in the first quarter. World Asset Management Inc now owns 13,870 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 249 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Lexington Realty Trust by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 48,750 shares of the real estate investment trust’s stock valued at $487,000 after buying an additional 320 shares in the last quarter. Meeder Asset Management Inc. raised its position in Lexington Realty Trust by 0.5% in the first quarter. Meeder Asset Management Inc. now owns 91,017 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 434 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Lexington Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,524 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 737 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Lexington Realty Trust (NYSE LXP) opened at 9.87 on Thursday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 29.20 and a beta of 0.96. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42. The stock’s 50 day moving average is $10.07 and its 200 day moving average is $10.22.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The business had revenue of $95.70 million during the quarter, compared to the consensus estimate of $95.41 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, analysts predict that Lexington Realty Trust will post $0.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.175 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.09%. Lexington Realty Trust’s dividend payout ratio is 500.00%.

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LXP has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, May 18th. Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price target for the company in a research report on Thursday, May 25th. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC restated a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.60.

In related news, EVP Joseph Bonventre sold 135,298 shares of Lexington Realty Trust stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $10.13, for a total value of $1,370,568.74. Following the completion of the transaction, the executive vice president now directly owns 360,709 shares of the company’s stock, valued at $3,653,982.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman E Robert Roskind sold 70,000 shares of Lexington Realty Trust stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $9.54, for a total value of $667,800.00. Following the completion of the transaction, the chairman now directly owns 792,435 shares of the company’s stock, valued at $7,559,829.90. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

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

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