Los Angeles Capital Management & Equity Research Inc. Purchases New Stake in Lexington Realty Trust (LXP)

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Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Lexington Realty Trust (NYSE:LXP) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 22,895 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Several other hedge funds also recently added to or reduced their stakes in LXP. Norges Bank acquired a new stake in shares of Lexington Realty Trust during the fourth quarter worth approximately $23,974,000. Northwood Liquid Management LP acquired a new stake in shares of Lexington Realty Trust during the fourth quarter worth approximately $8,280,000. Millennium Management LLC grew its position in shares of Lexington Realty Trust by 263.7% during the fourth quarter. Millennium Management LLC now owns 910,602 shares of the real estate investment trust’s stock worth $7,476,000 after buying an additional 660,258 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Lexington Realty Trust during the fourth quarter worth approximately $80,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Lexington Realty Trust during the first quarter worth approximately $4,913,000. 78.47% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, May 10th. DA Davidson raised shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, TheStreet raised shares of Lexington Realty Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.33.

Lexington Realty Trust stock opened at $9.19 on Thursday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 13.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.22 and a quick ratio of 0.22. Lexington Realty Trust has a 12 month low of $7.66 and a 12 month 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 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.10). The business had revenue of $81.25 million during the quarter, compared to analyst estimates of $80.70 million. Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. On average, analysts anticipate that Lexington Realty Trust will post 0.78 earnings per share for the current fiscal year.

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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 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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