Dimensional Fund Advisors LP boosted its holdings in shares of Lexington Realty Trust (NYSE:LXP) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,229,731 shares of the real estate investment trust’s stock after acquiring an additional 48,977 shares during the period. Dimensional Fund Advisors LP owned about 1.34% of Lexington Realty Trust worth $33,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Adviser Investments LLC bought a new position in Lexington Realty Trust during the 3rd quarter worth about $109,000. Ingalls & Snyder LLC bought a new position in Lexington Realty Trust during the 3rd quarter worth about $140,000. Riverhead Capital Management LLC grew its holdings in Lexington Realty Trust by 86.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 6,384 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Lexington Realty Trust by 10.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Cipher Capital LP bought a new position in Lexington Realty Trust during the 3rd quarter worth about $155,000. Institutional investors own 73.93% of the company’s stock.
Several brokerages have issued reports on LXP. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group reiterated a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Evercore ISI cut shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Finally, DA Davidson began coverage on shares of Lexington Realty Trust in a report on Monday, September 25th. They set a “neutral” rating and a $10.75 target price on the stock. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Lexington Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $10.79.
Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. equities research analysts predict that Lexington Realty Trust will post 0.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.1775 per share. This represents a $0.71 annualized dividend and a dividend yield of 7.70%. This is a positive change from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 28th. Lexington Realty Trust’s dividend payout ratio is presently 262.96%.
Lexington Realty Trust 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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