GAM Holding AG decreased its holdings in shares of Lexington Realty Trust (NYSE:LXP) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,860 shares of the real estate investment trust’s stock after selling 53 shares during the period. GAM Holding AG’s holdings in Lexington Realty Trust were worth $197,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in LXP. Elkfork Partners LLC raised its holdings in shares of Lexington Realty Trust by 19.0% in the first quarter. Elkfork Partners LLC now owns 11,732 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,876 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Lexington Realty Trust in the second quarter valued at about $118,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Lexington Realty Trust in the first quarter valued at about $129,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 purchasing an additional 737 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of Lexington Realty Trust by 0.7% in the second quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.15% of the company’s stock.
In other news, CEO T Wilson Eglin sold 24,170 shares of Lexington Realty Trust stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $9.81, for a total value of $237,107.70. Following the sale, the chief executive officer now directly owns 2,223,251 shares of the company’s stock, valued at $21,810,092.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by insiders.
Shares of Lexington Realty Trust (NYSE LXP) opened at 10.01 on Friday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 74.15 and a beta of 0.96. Lexington Realty Trust has a 52 week low of $9.00 and a 52 week high of $11.42. The company has a 50-day moving average of $9.91 and a 200-day moving average of $10.02.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The business had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, analysts anticipate that Lexington Realty Trust will post $0.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date is Thursday, September 28th. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 500.00%.
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Several research firms recently weighed in on LXP. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, August 17th. BidaskClub lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 target price on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.60.
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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