Lexington Realty Trust (LXP) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of Lexington Realty Trust (NYSE:LXP) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,581 shares of the real estate investment trust’s stock after selling 7,213 shares during the period. Asset Management One Co. Ltd. owned 0.20% of Lexington Realty Trust worth $4,712,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in LXP. World Asset Management Inc raised its stake in shares of Lexington Realty Trust by 1.8% in the first quarter. World Asset Management Inc now owns 13,870 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 249 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Lexington Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,524 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 737 shares in the last quarter. Texas Permanent School Fund raised its stake in Lexington Realty Trust by 0.6% in the first quarter. Texas Permanent School Fund now owns 156,623 shares of the real estate investment trust’s stock valued at $1,563,000 after buying an additional 993 shares in the last quarter. Miles Capital Inc. raised its stake in Lexington Realty Trust by 7.0% in the fourth quarter. Miles Capital Inc. now owns 16,367 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,071 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Lexington Realty Trust by 0.7% in the fourth quarter. Bessemer Group Inc. now owns 210,825 shares of the real estate investment trust’s stock valued at $2,277,000 after buying an additional 1,425 shares in the last quarter. Institutional investors own 74.00% of the company’s stock.

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

Shares of Lexington Realty Trust (NYSE:LXP) traded down 1.029% during mid-day trading on Tuesday, reaching $10.095. 249,400 shares of the company’s stock traded hands. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 29.867 and a beta of 0.96. Lexington Realty Trust has a one year low of $9.00 and a one year high of $11.42. The firm’s 50-day moving average is $9.79 and its 200 day moving average is $10.38.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Tuesday, May 9th. 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 net margin of 19.61% and a return on equity of 5.97%. The firm had revenue of $96.10 million for the quarter, compared to the consensus estimate of $94.72 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s quarterly revenue was down 13.9% compared to the same quarter last year. Analysts predict that Lexington Realty Trust will post $0.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Wednesday, June 28th. Lexington Realty Trust’s dividend payout ratio is 218.76%.

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A number of research analysts have recently issued reports on LXP shares. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Evercore ISI raised shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price on the stock in a research report on Thursday, May 25th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research report on Monday, March 20th. Finally, BidaskClub raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.67.

In other Lexington Realty Trust news, EVP Joseph Bonventre sold 135,298 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $10.13, for a total value of $1,370,568.74. Following the transaction, the executive vice president now directly owns 360,709 shares of the company’s stock, valued at approximately $3,653,982.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman E Robert Roskind sold 70,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $9.54, for a total value of $667,800.00. Following the completion of the transaction, the chairman now directly owns 792,435 shares in the company, valued at $7,559,829.90. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

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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