Lexington Realty Trust (LXP) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors trimmed its stake in shares of Lexington Realty Trust (NYSE:LXP) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,351 shares of the real estate investment trust’s stock after selling 10,913 shares during the quarter. Nationwide Fund Advisors owned approximately 0.07% of Lexington Realty Trust worth $1,639,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LXP. GW&K Investment Management LLC bought a new position in Lexington Realty Trust during the 2nd quarter valued at $118,000. Piedmont Investment Advisors LLC bought a new position in Lexington Realty Trust during the 1st quarter valued at $129,000. Tocqueville Asset Management L.P. boosted its stake in Lexington Realty Trust by 0.7% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 100 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Lexington Realty Trust by 86.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 6,384 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in Lexington Realty Trust by 1.0% during the 2nd quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 72.14% of the company’s stock.
A number of research analysts have commented on the stock. DA Davidson assumed coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They set a “neutral” rating and a $10.75 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, August 17th. BidaskClub downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.63.
In other Lexington Realty Trust news, CEO T Wilson Eglin sold 24,170 shares of Lexington Realty Trust stock in a transaction on Monday, August 14th. The shares were 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 $21,810,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.
Lexington Realty Trust (NYSE LXP) opened at 10.43 on Thursday. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42. The company has a market capitalization of $2.51 billion, a P/E ratio of 77.26 and a beta of 0.96. The stock has a 50 day moving average of $10.20 and a 200-day moving average of $10.04.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $95.70 million for the quarter, compared to analyst estimates of $95.41 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. On average, equities analysts forecast that Lexington Realty Trust will post $0.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.70 dividend on an annualized basis and a yield of 6.71%. Lexington Realty Trust’s dividend payout ratio is currently 500.00%.
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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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