Virginia Retirement Systems ET AL increased its stake in Lexington Realty Trust (NYSE:LXP) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,200 shares of the real estate investment trust’s stock after buying an additional 26,200 shares during the period. Virginia Retirement Systems ET AL owned 0.13% of Lexington Realty Trust worth $3,213,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LXP. Federated Investors Inc. PA raised its position in Lexington Realty Trust by 4.5% in the second quarter. Federated Investors Inc. PA now owns 769,939 shares of the real estate investment trust’s stock valued at $7,630,000 after buying an additional 33,350 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Lexington Realty Trust by 0.7% in 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 during the last quarter. Everence Capital Management Inc. raised its position in Lexington Realty Trust by 32.4% in the second quarter. Everence Capital Management Inc. now owns 19,510 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 4,770 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Lexington Realty Trust by 10.8% in the second quarter. BNP Paribas Arbitrage SA now owns 141,046 shares of the real estate investment trust’s stock valued at $1,398,000 after buying an additional 13,702 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Lexington Realty Trust by 5.2% in the second quarter. Legal & General Group Plc now owns 1,074,975 shares of the real estate investment trust’s stock valued at $10,653,000 after buying an additional 53,191 shares during the last quarter. Institutional investors and hedge funds own 72.15% of the company’s stock.

Lexington Realty Trust (NYSE:LXP) opened at 9.84 on Monday. The company’s 50-day moving average price is $9.99 and its 200 day moving average price is $10.15. Lexington Realty Trust has a 52-week low of $9.00 and a 52-week high of $11.42. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 72.89 and a beta of 0.96.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities analysts expect that Lexington Realty Trust will post $0.33 EPS for the current fiscal year.

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Several research firms recently issued reports on LXP. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a research report on Thursday, August 17th. BidaskClub lowered Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and set 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 set a $11.00 price target on shares of Lexington Realty Trust in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.60.

In other Lexington Realty Trust news, CEO T Wilson Eglin sold 24,170 shares of the business’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 value of $237,107.70. Following 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Bonventre sold 135,298 shares of the business’s 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 approximately $3,653,982.17. 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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Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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