Public Employees Retirement Association of Colorado Sells 12,255 Shares of Lexington Realty Trust (LXP)

Public Employees Retirement Association of Colorado reduced its stake in shares of Lexington Realty Trust (NYSE:LXP) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,627 shares of the real estate investment trust’s stock after selling 12,255 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Lexington Realty Trust were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LXP. Millennium Management LLC bought a new position in Lexington Realty Trust during the 4th quarter worth $10,703,000. BlackRock Inc. grew its stake in Lexington Realty Trust by 2.4% during the 4th quarter. BlackRock Inc. now owns 33,079,860 shares of the real estate investment trust’s stock worth $319,220,000 after buying an additional 766,223 shares during the last quarter. Global X Management Co. LLC grew its stake in Lexington Realty Trust by 71.8% during the 1st quarter. Global X Management Co. LLC now owns 1,427,462 shares of the real estate investment trust’s stock worth $11,234,000 after buying an additional 596,781 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Lexington Realty Trust during the 4th quarter worth $3,670,000. Finally, Deutsche Bank AG grew its stake in Lexington Realty Trust by 73.9% during the 4th quarter. Deutsche Bank AG now owns 796,150 shares of the real estate investment trust’s stock worth $7,679,000 after buying an additional 338,436 shares during the last quarter. Hedge funds and other institutional investors own 74.21% of the company’s stock.

A number of research analysts recently commented on LXP shares. JPMorgan Chase lowered their price objective on Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. ValuEngine downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 3rd. Barclays lowered their price objective on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, March 20th. Finally, Wells Fargo lowered their price objective on Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 19th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Lexington Realty Trust presently has an average rating of “Hold” and an average target price of $9.84.

Lexington Realty Trust opened at $8.16 on Monday, MarketBeat.com reports. Lexington Realty Trust has a 1 year low of $7.59 and a 1 year high of $10.65. The firm has a market capitalization of $1.96 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.70.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.32). Lexington Realty Trust had a return on equity of 2.34% and a net margin of 7.33%. The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.02 million. During the same period in the previous year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts predict that Lexington Realty Trust will post 0.98 earnings per share for the current year.

About Lexington Realty Trust

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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

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