Shikiar Asset Management Inc. Decreases Stake in Lexington Realty Trust (NYSE:LXP)

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.

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

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