abrdn plc Buys 31,674 Shares of Lexington Realty Trust (NYSE:LXP)

abrdn plc increased its stake in Lexington Realty Trust (NYSE:LXP) by 118.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,374 shares of the real estate investment trust’s stock after purchasing an additional 31,674 shares during the period. abrdn plc’s holdings in Lexington Realty Trust were worth $698,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Citigroup Inc. raised its position in shares of Lexington Realty Trust by 45.6% during the 2nd quarter. Citigroup Inc. now owns 637,382 shares of the real estate investment trust’s stock valued at $7,617,000 after acquiring an additional 199,648 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Lexington Realty Trust by 31.4% during the 1st quarter. JPMorgan Chase & Co. now owns 2,819,734 shares of the real estate investment trust’s stock valued at $31,327,000 after acquiring an additional 673,168 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Lexington Realty Trust by 24.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 282,878 shares of the real estate investment trust’s stock valued at $3,143,000 after acquiring an additional 55,902 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Lexington Realty Trust by 278.9% during the 1st quarter. Renaissance Technologies LLC now owns 907,082 shares of the real estate investment trust’s stock valued at $10,078,000 after acquiring an additional 667,700 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Lexington Realty Trust by 23.3% during the 1st quarter. Teacher Retirement System of Texas now owns 29,880 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 5,644 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Several analysts have commented on LXP shares. Wells Fargo & Company upped their target price on shares of Lexington Realty Trust from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, September 8th. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday.

LXP opened at $12.87 on Friday. Lexington Realty Trust has a 12 month low of $9.82 and a 12 month high of $14.10. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.57 billion, a P/E ratio of 13.99 and a beta of 0.60. The company has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $12.47.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, August 5th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $81.54 million during the quarter, compared to the consensus estimate of $78.78 million. Lexington Realty Trust had a net margin of 76.04% and a return on equity of 13.71%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, equities research analysts expect that Lexington Realty Trust will post 0.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.108 per share. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.11. This represents a $0.43 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Wednesday, September 29th. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 56.58%.

About Lexington Realty Trust

Lexington Realty Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.

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

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