Shikiar Asset Management Inc. lessened its holdings in shares of Lexington Realty Trust (NYSE:LXP) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 826,725 shares of the real estate investment trust’s stock after selling 32,550 shares during the quarter. Lexington Realty Trust makes up about 3.1% of Shikiar Asset Management Inc.’s portfolio, making the stock its 12th biggest holding. Shikiar Asset Management Inc. owned approximately 0.35% of Lexington Realty Trust worth $7,490,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bremer Trust National Association purchased a new stake in Lexington Realty Trust in the 4th quarter valued at about $34,000. Oregon Public Employees Retirement Fund purchased a new stake in Lexington Realty Trust during the fourth quarter worth about $80,000. Quadrant Capital Group LLC increased its stake in Lexington Realty Trust by 842.1% during the first quarter. Quadrant Capital Group LLC now owns 10,325 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 9,229 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Lexington Realty Trust during the fourth quarter worth about $95,000. Finally, Keybank National Association OH increased its stake in Lexington Realty Trust by 12.6% during the fourth quarter. Keybank National Association OH now owns 11,820 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,320 shares during the period. 82.64% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on LXP shares. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, May 10th. TheStreet raised Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $9.33.
NYSE:LXP traded up $0.03 during trading hours on Friday, hitting $9.15. The company’s stock had a trading volume of 1,070,300 shares, compared to its average volume of 1,716,039. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 12.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 0.22. Lexington Realty Trust has a 52-week low of $7.66 and a 52-week high of $9.70.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The business had revenue of $81.25 million during the quarter, compared to analysts’ expectations of $80.70 million. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was down 21.0% compared to the same quarter last year. On average, analysts predict that Lexington Realty Trust will post 0.78 EPS for the current year.
About Lexington Realty Trust
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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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