Vanguard Group Inc. increased its position in shares of Lexington Realty Trust (NYSE:LXP) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,946,886 shares of the real estate investment trust’s stock after buying an additional 251,811 shares during the period. Vanguard Group Inc. owned about 16.62% of Lexington Realty Trust worth $395,874,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Lexington Realty Trust by 6.4% during the second quarter. Northern Trust Corp now owns 4,030,187 shares of the real estate investment trust’s stock valued at $39,939,000 after buying an additional 243,882 shares during the period. Citigroup Inc. increased its stake in shares of Lexington Realty Trust by 10.8% during the second quarter. Citigroup Inc. now owns 332,660 shares of the real estate investment trust’s stock valued at $3,297,000 after buying an additional 32,501 shares during the period. Kempen Capital Management N.V. increased its stake in shares of Lexington Realty Trust by 4.2% during the second quarter. Kempen Capital Management N.V. now owns 169,603 shares of the real estate investment trust’s stock valued at $1,681,000 after buying an additional 6,861 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Lexington Realty Trust by 1.1% during the second quarter. Thrivent Financial For Lutherans now owns 184,993 shares of the real estate investment trust’s stock valued at $1,833,000 after buying an additional 1,960 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Lexington Realty Trust by 17.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,372 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 3,504 shares during the period. Hedge funds and other institutional investors own 72.14% of the company’s stock.

Lexington Realty Trust (NYSE LXP) opened at 10.49 on Friday. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 77.70 and a beta of 0.96. The firm has a 50-day moving average price of $10.01 and a 200 day moving average price of $10.01. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The company had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.41 million. During the same quarter last year, the company earned $0.29 EPS. Lexington Realty Trust’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Lexington Realty Trust will post $0.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.70 annualized dividend and a yield of 6.67%. Lexington Realty Trust’s dividend payout ratio (DPR) is 500.00%.

In other Lexington Realty Trust news, CEO T Wilson Eglin sold 24,170 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the sale, the chief executive officer now owns 2,223,251 shares in the company, valued at approximately $21,810,092.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

Several brokerages have recently commented on LXP. BidaskClub upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. DA Davidson began coverage on Lexington Realty Trust in a research note on Monday, September 25th. They set a “neutral” rating and a $10.75 price target on the stock. KeyCorp restated a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.63.

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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.

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

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