Dean Investment Associates LLC Decreases Position in Lexington Realty Trust (LXP)
Dean Investment Associates LLC decreased its position in shares of Lexington Realty Trust (NYSE:LXP) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,370 shares of the real estate investment trust’s stock after selling 32,345 shares during the period. Dean Investment Associates LLC owned about 0.25% of Lexington Realty Trust worth $6,269,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Lexington Realty Trust by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 39,946,886 shares of the real estate investment trust’s stock worth $395,874,000 after purchasing an additional 251,811 shares during the period. State Street Corp increased its holdings in shares of Lexington Realty Trust by 2.3% in the 2nd quarter. State Street Corp now owns 6,446,167 shares of the real estate investment trust’s stock valued at $63,887,000 after acquiring an additional 143,909 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Lexington Realty Trust by 6.3% in the 3rd quarter. Macquarie Group Ltd. now owns 5,633,077 shares of the real estate investment trust’s stock valued at $57,570,000 after acquiring an additional 332,341 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Lexington Realty Trust by 6.4% in the 2nd quarter. Northern Trust Corp now owns 4,030,187 shares of the real estate investment trust’s stock valued at $39,939,000 after acquiring an additional 243,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Lexington Realty Trust by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,229,731 shares of the real estate investment trust’s stock valued at $33,008,000 after acquiring an additional 48,977 shares during the last quarter. 73.97% of the stock is currently owned by hedge funds and other institutional investors.
LXP has been the topic of a number of recent analyst reports. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, August 17th. KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. DA Davidson initiated coverage on Lexington Realty Trust in a report on Monday, September 25th. They issued a “neutral” rating and a $10.75 price objective on the stock. Jefferies Group reiterated a “hold” rating and issued a $11.00 price objective on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Lexington Realty Trust has a consensus rating of “Hold” and a consensus price target of $10.79.
Lexington Realty Trust (LXP) traded down $0.02 on Wednesday, hitting $10.03. The stock had a trading volume of 1,093,700 shares, compared to its average volume of 1,072,443. Lexington Realty Trust has a fifty-two week low of $9.00 and a fifty-two week high of $11.42. The stock has a market cap of $2,418.47, a P/E ratio of 10.58, a P/E/G ratio of 2.63 and a beta of 0.96. 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 released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $97.70 million for the quarter, compared to the consensus estimate of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. analysts forecast that Lexington Realty Trust will post 0.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date is Thursday, December 28th. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 259.26%.
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Lexington Realty Trust 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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