Raymond James & Associates Reduces Stake in Lexington Realty Trust (LXP)

Raymond James & Associates decreased its holdings in Lexington Realty Trust (NYSE:LXP) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 164,982 shares of the real estate investment trust’s stock after selling 10,049 shares during the period. Raymond James & Associates’ holdings in Lexington Realty Trust were worth $1,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Lexington Realty Trust by 2.4% in the 4th quarter. BlackRock Inc. now owns 33,079,860 shares of the real estate investment trust’s stock valued at $319,220,000 after purchasing an additional 766,223 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Lexington Realty Trust by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,229,731 shares of the real estate investment trust’s stock valued at $33,008,000 after purchasing an additional 48,977 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Lexington Realty Trust by 3.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,840,054 shares of the real estate investment trust’s stock valued at $27,407,000 after buying an additional 86,353 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lexington Realty Trust by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,835,833 shares of the real estate investment trust’s stock valued at $17,715,000 after buying an additional 53,192 shares in the last quarter. Finally, Clearbridge LLC grew its stake in shares of Lexington Realty Trust by 32.3% in the 4th quarter. Clearbridge LLC now owns 1,360,290 shares of the real estate investment trust’s stock valued at $13,127,000 after buying an additional 331,860 shares in the last quarter. Institutional investors own 75.01% of the company’s stock.

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Several equities research analysts recently commented on the company. ValuEngine cut Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. JPMorgan Chase lowered their price target on Lexington Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. Barclays lowered their price target on Lexington Realty Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, March 20th. Finally, Wells Fargo lowered their price target on Lexington Realty Trust from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Monday, March 19th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Lexington Realty Trust has a consensus rating of “Hold” and an average target price of $10.22.

Shares of NYSE LXP opened at $7.82 on Monday. The company has a market capitalization of $1,875.58, a P/E ratio of 8.06, a PEG ratio of 2.22 and a beta of 0.88. Lexington Realty Trust has a 52 week low of $7.68 and a 52 week high of $10.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.14 and a quick ratio of 0.14.

Lexington Realty Trust (NYSE:LXP) last announced its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $102.17 million during the quarter, compared to analysts’ expectations of $100.52 million. Lexington Realty Trust had a return on equity of 6.64% and a net margin of 21.84%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. equities analysts forecast that Lexington Realty Trust will post 0.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.1775 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.71 dividend on an annualized basis and a yield of 9.08%. Lexington Realty Trust’s payout ratio is currently 73.20%.

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

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