Kempen Capital Management N.V. boosted its holdings in Lexington Realty Trust (NYSE:LXP) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,603 shares of the real estate investment trust’s stock after acquiring an additional 6,861 shares during the quarter. Kempen Capital Management N.V. owned 0.07% of Lexington Realty Trust worth $1,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LXP. Bank of Montreal Can lifted its position in Lexington Realty Trust by 71.1% in the 1st quarter. Bank of Montreal Can now owns 14,077 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 5,849 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Lexington Realty Trust by 49.4% in the 1st quarter. Russell Investments Group Ltd. now owns 181,471 shares of the real estate investment trust’s stock valued at $1,811,000 after acquiring an additional 60,000 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Lexington Realty Trust by 7.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 301,644 shares of the real estate investment trust’s stock valued at $3,004,000 after acquiring an additional 21,501 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Lexington Realty Trust by 36.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 16,446 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Elkfork Partners LLC lifted its position in Lexington Realty Trust by 19.0% in the 1st quarter. Elkfork Partners LLC now owns 11,732 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,876 shares in the last quarter. 72.14% of the stock is currently owned by institutional investors and hedge funds.

Lexington Realty Trust (LXP) remained flat at $10.05 during trading on Tuesday. The company had a trading volume of 112,822 shares. The firm has a market capitalization of $2.42 billion, a PE ratio of 74.44 and a beta of 0.96. The stock’s 50 day moving average is $9.91 and its 200 day moving average is $10.00. Lexington Realty Trust has a 12 month low of $9.00 and a 12 month high of $11.42.

Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $95.70 million during the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. Analysts anticipate that Lexington Realty Trust will post $0.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.70 annualized dividend and a dividend yield of 6.97%. Lexington Realty Trust’s dividend payout ratio is presently 500.00%.

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Several brokerages recently weighed in on LXP. BidaskClub raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, August 17th. Evercore ISI raised shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price target on the stock in a research report on Thursday, May 25th. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price target on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Lexington Realty Trust has a consensus rating of “Hold” and an average target price of $10.60.

In other news, CEO T Wilson Eglin sold 24,170 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $9.81, for a total value of $237,107.70. Following the transaction, the chief executive officer now owns 2,223,251 shares in the company, valued at $21,810,092.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.10% of the company’s stock.

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.

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

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