Foundry Partners LLC increased its position in Lexington Realty Trust (NYSE:LXP) by 11.8% during the second quarter, Holdings Channel reports. The firm owned 1,035,984 shares of the real estate investment trust’s stock after buying an additional 109,089 shares during the period. Foundry Partners LLC’s holdings in Lexington Realty Trust were worth $10,267,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its stake in shares of Lexington Realty Trust by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 301,644 shares of the real estate investment trust’s stock worth $3,004,000 after buying an additional 21,501 shares during the period. Hillcrest Asset Management LLC raised its stake in shares of Lexington Realty Trust by 8.0% in the first quarter. Hillcrest Asset Management LLC now owns 949,020 shares of the real estate investment trust’s stock worth $9,471,000 after buying an additional 69,962 shares during the period. Breton Hill Capital Ltd. raised its stake in shares of Lexington Realty Trust by 88.3% in the first quarter. Breton Hill Capital Ltd. now owns 174,660 shares of the real estate investment trust’s stock worth $1,743,000 after buying an additional 81,897 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Lexington Realty Trust by 49.4% in the first quarter. Russell Investments Group Ltd. now owns 181,471 shares of the real estate investment trust’s stock worth $1,811,000 after buying an additional 60,000 shares during the period. Finally, Paragon Capital Management Ltd bought a new stake in shares of Lexington Realty Trust during the first quarter worth about $156,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

Shares of Lexington Realty Trust (NYSE LXP) opened at 9.73 on Friday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 72.07 and a beta of 0.96. The firm’s 50-day moving average is $10.05 and its 200 day moving average is $10.21. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42.

Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $95.70 million during the quarter, compared to analyst estimates 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 for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Equities analysts expect that Lexington Realty Trust will post $0.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.175 dividend. 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 7.19%. Lexington Realty Trust’s payout ratio is 500.00%.

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A number of brokerages recently issued reports on LXP. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a research note on Friday, June 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 target price on shares of Lexington Realty Trust in a research note on Thursday, July 6th. Finally, Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price for the company in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.60.

In related news, EVP Joseph Bonventre sold 135,298 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $10.13, for a total value of $1,370,568.74. Following the completion of the transaction, the executive vice president now directly owns 360,709 shares in the company, valued at $3,653,982.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman E Robert Roskind sold 70,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $9.54, for a total value of $667,800.00. Following the completion of the transaction, 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. Corporate 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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