Nomura Asset Management Co. Ltd. lowered its stake in shares of Lexington Realty Trust (NYSE:LXP) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,100 shares of the real estate investment trust’s stock after selling 18,800 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.05% of Lexington Realty Trust worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Lexington Realty Trust by 0.6% during the second quarter. Vanguard Group Inc. now owns 39,946,886 shares of the real estate investment trust’s stock valued at $395,874,000 after purchasing an additional 251,811 shares during the period. State Street Corp raised 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 worth $63,887,000 after acquiring an additional 143,909 shares during the last quarter. Macquarie Group Ltd. raised 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 worth $57,570,000 after acquiring an additional 332,341 shares during the last quarter. Northern Trust Corp raised 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 worth $39,939,000 after acquiring an additional 243,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised 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 worth $33,008,000 after acquiring an additional 48,977 shares during the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.

Shares of Lexington Realty Trust (LXP) opened at $9.97 on Friday. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $2,399.22, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $97.71 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. equities analysts predict that Lexington Realty Trust will post 0.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.1775 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 7.12%. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio is presently 259.26%.

LXP has been the topic of a number of analyst reports. KeyCorp restated a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. DA Davidson initiated coverage on shares of Lexington Realty Trust in a report on Monday, September 25th. They issued a “neutral” rating and a $10.75 target price on the stock. Jefferies Group restated a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, October 26th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and a consensus target price of $10.79.

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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.

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

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