Credit Agricole S A decreased its stake in Lexington Realty Trust (NYSE:LXP) by 42.0% during the first quarter, Holdings Channel reports. The institutional investor owned 165,103 shares of the real estate investment trust’s stock after selling 119,712 shares during the period. Credit Agricole S A’s holdings in Lexington Realty Trust were worth $1,647,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Allianz Asset Management AG boosted its position in Lexington Realty Trust by 17.8% in the fourth quarter. Allianz Asset Management AG now owns 48,399 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 7,324 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Lexington Realty Trust during the first quarter valued at $147,000. Foundry Partners LLC boosted its position in Lexington Realty Trust by 2,123.0% in the first quarter. Foundry Partners LLC now owns 926,895 shares of the real estate investment trust’s stock valued at $9,250,000 after buying an additional 885,199 shares in the last quarter. Teachers Advisors LLC boosted its position in Lexington Realty Trust by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 383,869 shares of the real estate investment trust’s stock valued at $4,146,000 after buying an additional 15,305 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Lexington Realty Trust by 25.7% in the first quarter. State of Alaska Department of Revenue now owns 147,290 shares of the real estate investment trust’s stock valued at $1,469,000 after buying an additional 30,120 shares in the last quarter. 74.00% of the stock is owned by institutional investors and hedge funds.
Lexington Realty Trust (NYSE LXP) opened at 10.07 on Friday. The firm has a market cap of $2.42 billion, a PE ratio of 29.79 and a beta of 0.96. The firm has a 50-day moving average price of $9.79 and a 200 day moving average price of $10.38. Lexington Realty Trust has a 12-month low of $9.00 and a 12-month high of $11.42.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. Lexington Realty Trust had a return on equity of 5.97% and a net margin of 19.61%. The firm had revenue of $96.10 million for the quarter, compared to the consensus estimate of $94.72 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was down 13.9% on a year-over-year basis. Equities research analysts forecast that Lexington Realty Trust will post $0.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.175 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.95%. Lexington Realty Trust’s payout ratio is 218.76%.
Several equities analysts recently weighed in on LXP shares. Zacks Investment Research raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research report on Monday, March 20th. Evercore ISI raised Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price objective for the company in a research report on Thursday, May 25th. Finally, BidaskClub raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.67.
In other news, EVP Joseph Bonventre sold 135,298 shares of Lexington Realty Trust stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $10.13, for a total value of $1,370,568.74. Following the completion of the sale, the executive vice president now directly owns 360,709 shares in the company, valued at $3,653,982.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman E Robert Roskind sold 70,000 shares of Lexington Realty Trust stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $9.54, for a total transaction of $667,800.00. Following the completion of the sale, the chairman now owns 792,435 shares of the company’s stock, valued at $7,559,829.90. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
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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