Family Management Corp acquired a new position in shares of Lexington Realty Trust (NYSE:LXP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,512 shares of the real estate investment trust’s stock, valued at approximately $121,000.
Other institutional investors and hedge funds have also modified their holdings of the company. JOYN Advisors Inc. bought a new position in shares of Lexington Realty Trust in the 4th quarter valued at $113,000. BlueCrest Capital Management Ltd bought a new position in shares of Lexington Realty Trust in the 4th quarter valued at $150,000. Vident Investment Advisory LLC bought a new position in shares of Lexington Realty Trust in the 4th quarter valued at $154,000. Cipher Capital LP bought a new position in shares of Lexington Realty Trust in the 3rd quarter valued at $155,000. Finally, Virtu Financial LLC bought a new position in shares of Lexington Realty Trust in the 4th quarter valued at $191,000. Institutional investors own 74.99% of the company’s stock.
Shares of Lexington Realty Trust (NYSE:LXP) opened at $8.03 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71. Lexington Realty Trust has a twelve month low of $7.83 and a twelve month high of $10.65. The firm has a market capitalization of $1,952.63, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.31 and a beta of 0.93.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Lexington Realty Trust had a return on equity of 6.64% and a net margin of 21.84%. The company had revenue of $102.17 million for the quarter, compared to the consensus estimate of $100.52 million. During the same quarter last year, the business posted $0.06 EPS. Lexington Realty Trust’s revenue for the quarter was up 7.2% on a year-over-year basis. research analysts forecast that Lexington Realty Trust will post 0.98 earnings per share for the current year.
The company also recently disclosed 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 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend is Wednesday, March 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is 215.16%.
Several equities analysts have recently issued reports on LXP shares. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a research note on Tuesday, November 28th. ValuEngine lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Evercore ISI lowered Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. Wells Fargo decreased their price target on Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Barclays reiterated a “sell” rating and issued a $9.00 price target on shares of Lexington Realty Trust in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Lexington Realty Trust has an average rating of “Hold” and a consensus price target of $10.39.
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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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