Chicago Equity Partners LLC reduced its stake in Lexington Realty Trust (NYSE:LXP) by 60.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 231,035 shares of the real estate investment trust’s stock after selling 353,815 shares during the quarter. Chicago Equity Partners LLC’s holdings in Lexington Realty Trust were worth $2,229,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in LXP. PNC Financial Services Group Inc. raised its holdings in Lexington Realty Trust by 17.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 23,372 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 3,504 shares during the period. Northern Trust Corp raised its holdings in Lexington Realty Trust by 6.4% in the 2nd quarter. Northern Trust Corp now owns 4,030,187 shares of the real estate investment trust’s stock worth $39,939,000 after purchasing an additional 243,882 shares during the period. M&T Bank Corp raised its holdings in Lexington Realty Trust by 37.7% in the 2nd quarter. M&T Bank Corp now owns 18,251 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 4,994 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Lexington Realty Trust by 10.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 738,547 shares of the real estate investment trust’s stock worth $7,319,000 after purchasing an additional 71,793 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Lexington Realty Trust by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,754 shares of the real estate investment trust’s stock worth $31,521,000 after purchasing an additional 135,764 shares during the period. 73.90% of the stock is currently owned by institutional investors.
Shares of Lexington Realty Trust (NYSE:LXP) opened at $8.33 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2,000.00, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85. Lexington Realty Trust has a twelve month low of $8.31 and a twelve month high of $11.42.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. equities research analysts predict that Lexington Realty Trust will post 0.96 EPS for the current year.
A number of equities analysts recently commented on LXP shares. Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, October 26th. Evercore ISI cut Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Jefferies Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Finally, ValuEngine cut Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Lexington Realty Trust presently has an average rating of “Hold” and an average target price of $10.95.
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About Lexington Realty Trust
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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