LS Investment Advisors LLC continued to hold its stake in Lexington Realty Trust (NYSE:LXP) during the second quarter, Holdings Channel reports. The institutional investor owned 14,862 shares of the real estate investment trust’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Lexington Realty Trust were worth $147,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Lexington Realty Trust by 8,779.8% in the first quarter. BlackRock Inc. now owns 31,979,546 shares of the real estate investment trust’s stock worth $319,155,000 after buying an additional 31,619,409 shares during the period. Vanguard Group Inc. increased its position in shares of Lexington Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 39,695,075 shares of the real estate investment trust’s stock worth $396,156,000 after buying an additional 1,204,191 shares during the last quarter. State Street Corp increased its position in shares of Lexington Realty Trust by 8.1% in the first quarter. State Street Corp now owns 6,302,258 shares of the real estate investment trust’s stock worth $62,902,000 after buying an additional 472,738 shares during the last quarter. American Century Companies Inc. increased its position in shares of Lexington Realty Trust by 32.5% in the first quarter. American Century Companies Inc. now owns 1,544,936 shares of the real estate investment trust’s stock worth $15,418,000 after buying an additional 378,657 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Lexington Realty Trust by 24.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,792,259 shares of the real estate investment trust’s stock worth $17,887,000 after buying an additional 349,020 shares during the last quarter. Institutional investors own 72.11% of the company’s stock.

Shares of Lexington Realty Trust (NYSE LXP) traded down 0.61% during trading on Thursday, reaching $9.81. 164,124 shares of the company were exchanged. The firm’s 50 day moving average price is $10.07 and its 200 day moving average price is $10.22. The company has a market capitalization of $2.36 billion, a PE ratio of 70.07 and a beta of 0.96. Lexington Realty Trust has a one year low of $9.00 and a one year high of $11.42.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The business’s revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. Equities research analysts forecast that Lexington Realty Trust will post $0.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.09%. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 500.00%.

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A number of equities analysts recently weighed in on LXP shares. Stifel Nicolaus restated a “hold” rating and set a $10.00 target price on shares of Lexington Realty Trust in a report on Thursday, July 6th. Jefferies Group LLC restated a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a report on Friday, June 23rd. Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price on the stock in a report on Thursday, May 25th. BidaskClub downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Lexington Realty Trust has an average rating of “Hold” and a consensus target price of $10.60.

In related news, EVP Joseph Bonventre sold 135,298 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $10.13, for a total transaction of $1,370,568.74. Following the transaction, the executive vice president now directly owns 360,709 shares of the company’s stock, valued at approximately $3,653,982.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman E Robert Roskind sold 70,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $9.54, for a total value of $667,800.00. Following the transaction, the chairman now directly owns 792,435 shares in the company, valued at $7,559,829.90. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Lexington Realty Trust Company 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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Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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