Rhumbline Advisers decreased its holdings in shares of Lexington Realty Trust (NYSE:LXP) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,444 shares of the real estate investment trust’s stock after selling 15,199 shares during the quarter. Rhumbline Advisers owned about 0.24% of Lexington Realty Trust worth $4,768,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Lexington Realty Trust by 4.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 137,200 shares of the real estate investment trust’s stock worth $1,139,000 after buying an additional 6,300 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Lexington Realty Trust by 0.5% during the third quarter. Systematic Financial Management LP now owns 1,792,994 shares of the real estate investment trust’s stock worth $14,882,000 after buying an additional 9,077 shares in the last quarter. Shikiar Asset Management Inc. grew its holdings in shares of Lexington Realty Trust by 8.4% during the third quarter. Shikiar Asset Management Inc. now owns 829,875 shares of the real estate investment trust’s stock worth $6,888,000 after buying an additional 64,575 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Lexington Realty Trust during the third quarter worth $208,000. Finally, Creative Planning purchased a new stake in shares of Lexington Realty Trust during the third quarter worth $128,000. 75.00% of the stock is owned by institutional investors and hedge funds.
Shares of LXP opened at $8.81 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.44. Lexington Realty Trust has a 12-month low of $7.59 and a 12-month high of $10.33. The stock has a market capitalization of $2.08 billion, a P/E ratio of 8.81, a PEG ratio of 3.85 and a beta of 0.92.
Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.16). Lexington Realty Trust had a net margin of 56.75% and a return on equity of 19.03%. The firm had revenue of $99.96 million during the quarter, compared to analysts’ expectations of $96.87 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Lexington Realty Trust will post 0.94 EPS for the current year.
A number of research firms have recently issued reports on LXP. Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. ValuEngine raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Wells Fargo & Co raised shares of Lexington Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $8.50 to $9.00 in a report on Thursday, September 27th. Finally, Jefferies Financial Group raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.60.
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Lexington Realty Trust Company Profile
Lexington Realty Trust (NYSE:LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
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