SG Americas Securities LLC Boosts Stake in Lexington Realty Trust (LXP)

SG Americas Securities LLC increased its holdings in Lexington Realty Trust (NYSE:LXP) by 1,048.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 166,334 shares of the real estate investment trust’s stock after buying an additional 151,846 shares during the period. SG Americas Securities LLC owned about 0.07% of Lexington Realty Trust worth $1,700,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. World Asset Management Inc boosted its holdings in shares of Lexington Realty Trust by 1.0% in the 2nd quarter. World Asset Management Inc now owns 14,014 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 144 shares during the period. RMR Advisors LLC boosted its stake in Lexington Realty Trust by 17.7% during the 3rd quarter. RMR Advisors LLC now owns 399,058 shares of the real estate investment trust’s stock valued at $4,078,000 after purchasing an additional 60,000 shares during the period. Prudential Financial Inc. boosted its stake in Lexington Realty Trust by 10.6% during the 2nd quarter. Prudential Financial Inc. now owns 2,552,690 shares of the real estate investment trust’s stock valued at $25,297,000 after purchasing an additional 245,469 shares during the period. Forsta AP Fonden boosted its stake in Lexington Realty Trust by 65.7% during the 3rd quarter. Forsta AP Fonden now owns 174,800 shares of the real estate investment trust’s stock valued at $1,786,000 after purchasing an additional 69,300 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in Lexington Realty Trust by 8.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 324,200 shares of the real estate investment trust’s stock valued at $3,213,000 after purchasing an additional 26,200 shares during the period. 72.68% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on LXP. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. DA Davidson began coverage on shares of Lexington Realty Trust in a research note on Monday, September 25th. They set a “neutral” rating and a $10.75 target price for the company. BidaskClub lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, August 17th. Finally, KeyCorp reissued a “hold” rating on shares of Lexington Realty Trust in a research note on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.79.

Lexington Realty Trust (NYSE:LXP) traded up $0.03 during trading on Monday, reaching $10.59. 234,000 shares of the company’s stock were exchanged, compared to its average volume of 1,077,732. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $2,550.00, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 2.77 and a beta of 0.95. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42.

Lexington Realty Trust (NYSE:LXP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. The firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $97.71 million. During the same period in the previous year, the business posted $0.28 EPS. Lexington Realty Trust’s revenue was down 8.1% on a year-over-year basis. research analysts anticipate that Lexington Realty Trust will post 0.96 earnings per share for the current year.

The business 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 dividend on an annualized basis and a dividend yield of 6.70%. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 28th. Lexington Realty Trust’s payout ratio is 241.38%.

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About Lexington Realty Trust

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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