TIAA CREF Investment Management LLC lowered its position in Lexington Realty Trust (NYSE:LXP) by 2.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 600,727 shares of the real estate investment trust’s stock after selling 15,123 shares during the period. TIAA CREF Investment Management LLC owned 0.25% of Lexington Realty Trust worth $5,953,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of LXP. Russell Investments Group Ltd. lifted its position in shares of Lexington Realty Trust by 49.4% in the 1st quarter. Russell Investments Group Ltd. now owns 181,471 shares of the real estate investment trust’s stock worth $1,811,000 after purchasing an additional 60,000 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Lexington Realty Trust by 24.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 467,924 shares of the real estate investment trust’s stock worth $4,670,000 after purchasing an additional 91,568 shares during the period. Karp Capital Management Corp acquired a new position in shares of Lexington Realty Trust in the 1st quarter worth approximately $676,000. Mason Street Advisors LLC lifted its position in shares of Lexington Realty Trust by 8.5% in the 1st quarter. Mason Street Advisors LLC now owns 50,585 shares of the real estate investment trust’s stock worth $505,000 after purchasing an additional 3,957 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Lexington Realty Trust by 62.2% in the 1st quarter. SG Americas Securities LLC now owns 29,446 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 11,289 shares during the period. Hedge funds and other institutional investors own 72.14% of the company’s stock.

Lexington Realty Trust (NYSE LXP) opened at 10.58 on Friday. The firm has a market cap of $2.55 billion, a P/E ratio of 78.37 and a beta of 0.96. The company’s 50 day moving average is $10.15 and its 200-day moving average is $10.03. 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 announced its quarterly 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). Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The business had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $95.41 million. During the same period in the previous year, the business earned $0.29 EPS. The business’s revenue was down 12.7% compared to the same quarter last year. On average, equities analysts predict that Lexington Realty Trust will post $0.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Thursday, September 28th. Lexington Realty Trust’s payout ratio is 500.00%.

A number of research analysts have recently issued reports on LXP shares. KeyCorp restated a “hold” rating on shares of Lexington Realty Trust in a research report on Sunday, September 24th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, August 17th. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Stifel Nicolaus restated a “hold” rating and issued a $10.00 price target on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $11.00 price target on shares of Lexington Realty Trust in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.63.

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In related news, CEO T Wilson Eglin sold 24,170 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $9.81, for a total value 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

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

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