Thompson Siegel & Walmsley LLC held its stake in Lexington Realty Trust (NYSE:LXP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,450 shares of the real estate investment trust’s stock at the end of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in Lexington Realty Trust were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Elkfork Partners LLC grew its holdings in Lexington Realty Trust by 19.0% in the 1st quarter. Elkfork Partners LLC now owns 11,732 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,876 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in Lexington Realty Trust in the second quarter worth approximately $118,000. Piedmont Investment Advisors LLC acquired a new stake in Lexington Realty Trust in the first quarter worth approximately $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 worth $135,000 after purchasing an additional 737 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its position in 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 worth $135,000 after purchasing an additional 100 shares during the period. 72.14% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on LXP. BidaskClub downgraded Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and issued a $11.00 target price on shares of Lexington Realty Trust in a research report on Friday, June 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $10.60.
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Shares of Lexington Realty Trust (LXP) opened at 10.09 on Friday. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42. The stock has a 50 day moving average price of $9.90 and a 200-day moving average price of $10.00. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 74.74 and a beta of 0.96.
Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Equities analysts anticipate that Lexington Realty Trust will post $0.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 6.94%. The ex-dividend date is Thursday, September 28th. Lexington Realty Trust’s dividend payout ratio is presently 500.00%.
In related news, CEO T Wilson Eglin sold 24,170 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $9.81, for a total transaction of $237,107.70. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.
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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