California Public Employees Retirement System grew its stake in Lexington Realty Trust (NYSE:LXP) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 762,451 shares of the real estate investment trust’s stock after acquiring an additional 24,062 shares during the quarter. California Public Employees Retirement System owned about 0.32% of Lexington Realty Trust worth $7,358,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Macquarie Group Ltd. grew its stake in Lexington Realty Trust by 6.3% during 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 purchasing an additional 332,341 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 buying an additional 48,977 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Lexington Realty Trust by 3.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,840,054 shares of the real estate investment trust’s stock valued at $27,407,000 after buying an additional 86,353 shares during the period. American Century Companies Inc. lifted its holdings in shares of Lexington Realty Trust by 35.6% in the 3rd quarter. American Century Companies Inc. now owns 2,261,255 shares of the real estate investment trust’s stock valued at $23,110,000 after buying an additional 593,604 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Lexington Realty Trust by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,231,817 shares of the real estate investment trust’s stock worth $22,803,000 after purchasing an additional 77,195 shares during the period. Institutional investors and hedge funds own 75.04% of the company’s stock.
Shares of Lexington Realty Trust (NYSE:LXP) remained flat at $$8.09 during midday trading on Wednesday. 500,361 shares of the company’s stock traded hands, compared to its average volume of 1,162,495. Lexington Realty Trust has a 52 week low of $7.83 and a 52 week high of $10.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $1,955.04, a price-to-earnings ratio of 8.37, a PEG ratio of 2.30 and a beta of 0.93.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The company had revenue of $102.17 million for the quarter, compared to analysts’ expectations of $100.52 million. Lexington Realty Trust had a return on equity of 6.64% and a net margin of 21.84%. Lexington Realty Trust’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. equities research analysts predict that Lexington Realty Trust will post 0.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.1775 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Wednesday, March 28th. Lexington Realty Trust’s dividend payout ratio is currently 215.16%.
A number of equities analysts recently weighed in on the company. ValuEngine cut Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Evercore ISI lowered Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Finally, Zacks Investment Research lowered Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.95.
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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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