Teachers Advisors LLC Purchases 521,632 Shares of Lexington Realty Trust (LXP)

Teachers Advisors LLC increased its position in shares of Lexington Realty Trust (NYSE:LXP) by 110.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 994,062 shares of the real estate investment trust’s stock after buying an additional 521,632 shares during the period. Teachers Advisors LLC owned about 0.42% of Lexington Realty Trust worth $8,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in shares of Lexington Realty Trust by 4.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 137,200 shares of the real estate investment trust’s stock worth $1,139,000 after buying an additional 6,300 shares during the period. Community Bank of Raymore increased its stake in shares of Lexington Realty Trust by 1.1% during the third quarter. Community Bank of Raymore now owns 708,300 shares of the real estate investment trust’s stock worth $5,879,000 after buying an additional 8,000 shares during the period. Systematic Financial Management LP increased its stake in shares of Lexington Realty Trust by 0.5% during the third quarter. Systematic Financial Management LP now owns 1,792,994 shares of the real estate investment trust’s stock worth $14,882,000 after buying an additional 9,077 shares during the period. First Republic Investment Management Inc. increased its stake in shares of Lexington Realty Trust by 35.7% during the third quarter. First Republic Investment Management Inc. now owns 35,437 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 9,323 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Lexington Realty Trust by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,479,074 shares of the real estate investment trust’s stock worth $28,875,000 after buying an additional 12,654 shares during the period. Hedge funds and other institutional investors own 74.83% of the company’s stock.

Several brokerages have commented on LXP. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. DA Davidson upgraded shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, TheStreet upgraded shares of Lexington Realty Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.67.

Lexington Realty Trust stock traded up $0.04 during mid-day trading on Monday, hitting $9.51. The company had a trading volume of 4,153 shares, compared to its average volume of 1,488,504. The firm has a market capitalization of $2.24 billion, a P/E ratio of 9.78, a P/E/G ratio of 4.97 and a beta of 1.04. Lexington Realty Trust has a 1 year low of $7.59 and a 1 year high of $9.69. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.44.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $0.1775 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.71 annualized dividend and a yield of 7.47%. Lexington Realty Trust’s dividend payout ratio is currently 73.20%.

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Lexington Realty Trust Company Profile

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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