ARP Americas LP acquired a new stake in Lexington Realty Trust (NYSE:LXP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 48,750 shares of the real estate investment trust’s stock, valued at approximately $514,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in LXP. Norges Bank acquired a new stake in shares of Lexington Realty Trust in the fourth quarter valued at approximately $38,390,000. Wellington Management Group LLP bought a new position in shares of Lexington Realty Trust during the 1st quarter valued at approximately $26,361,000. State Street Corp grew its position in shares of Lexington Realty Trust by 11.3% during the 1st quarter. State Street Corp now owns 10,743,800 shares of the real estate investment trust’s stock valued at $107,734,000 after acquiring an additional 1,090,947 shares during the period. Rothschild & Co. Asset Management US Inc. bought a new position in shares of Lexington Realty Trust during the 1st quarter valued at approximately $7,966,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Lexington Realty Trust by 27.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,382,208 shares of the real estate investment trust’s stock valued at $33,585,000 after acquiring an additional 735,920 shares during the period. Institutional investors own 90.85% of the company’s stock.
A number of analysts recently commented on the stock. TheStreet cut shares of Lexington Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, May 26th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine cut shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.30.
Shares of Lexington Realty Trust stock traded down $0.01 on Friday, hitting $11.60. 3,241,609 shares of the company traded hands, compared to its average volume of 1,557,742. The firm’s 50-day simple moving average is $10.65 and its 200 day simple moving average is $10.39. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.29. The company has a market cap of $3.00 billion, a P/E ratio of 10.84 and a beta of 0.68. Lexington Realty Trust has a 12-month low of $7.86 and a 12-month high of $11.81.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.13). The company had revenue of $80.80 million for the quarter, compared to analysts’ expectations of $80.17 million. Lexington Realty Trust had a net margin of 82.95% and a return on equity of 18.04%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. Analysts predict that Lexington Realty Trust will post 0.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.62%. Lexington Realty Trust’s dividend payout ratio is presently 52.50%.
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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