HighTower Advisors LLC trimmed its holdings in shares of Lexington Realty Trust (NYSE:LXP) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,942 shares of the real estate investment trust’s stock after selling 9,366 shares during the period. HighTower Advisors LLC’s holdings in Lexington Realty Trust were worth $921,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new position in Lexington Realty Trust during the second quarter valued at approximately $118,000. Piedmont Investment Advisors LLC acquired a new position in Lexington Realty Trust during the first quarter valued at approximately $129,000. Tocqueville Asset Management L.P. lifted its position in Lexington Realty Trust by 0.7% during the second quarter. Tocqueville Asset Management L.P. now owns 13,600 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 100 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Lexington Realty Trust by 86.3% during the second quarter. Riverhead Capital Management LLC now owns 13,784 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 6,384 shares in the last quarter. Finally, World Asset Management Inc lifted its position in Lexington Realty Trust by 1.0% during the second 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 in the last quarter. 72.14% of the stock is currently owned by hedge funds and other institutional investors.

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In other Lexington Realty Trust news, CEO T Wilson Eglin sold 24,170 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the completion of the sale, the chief executive officer now owns 2,223,251 shares of the company’s stock, valued at $21,810,092.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

Shares of Lexington Realty Trust (LXP) opened at 10.54 on Friday. The stock’s 50 day moving average is $10.11 and its 200-day moving average is $10.02. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 78.07 and a beta of 0.96.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Tuesday, August 8th. 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). The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts anticipate that Lexington Realty Trust will post $0.33 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.70 dividend on an annualized basis and a yield of 6.64%. Lexington Realty Trust’s payout ratio is currently 500.00%.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, August 3rd. DA Davidson assumed coverage on shares of Lexington Realty Trust in a research report on Monday, September 25th. They set a “neutral” rating and a $10.75 price target on the stock. BidaskClub cut shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a research report on Friday, June 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $10.00 price target on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.63.

Lexington Realty Trust 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.

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

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