Chicago Equity Partners LLC lowered its stake in shares of Lexington Realty Trust (NYSE:LXP) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,880 shares of the real estate investment trust’s stock after selling 27,790 shares during the period. Chicago Equity Partners LLC owned 0.24% of Lexington Realty Trust worth $5,628,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of 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 valued at $319,155,000 after buying an additional 31,619,409 shares during the period. Denver Investment Advisors LLC purchased a new stake in shares of Lexington Realty Trust during the second quarter valued at $17,700,000. Vanguard Group Inc. increased its stake 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 valued at $396,156,000 after buying an additional 1,204,191 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Lexington Realty Trust by 49.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the real estate investment trust’s stock valued at $26,603,000 after buying an additional 892,164 shares during the period. Finally, State Street Corp increased its stake 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 valued at $62,902,000 after buying an additional 472,738 shares during the period. 72.15% of the stock is owned by institutional investors.

Shares of Lexington Realty Trust (NYSE:LXP) opened at 9.89 on Friday. The firm has a 50-day moving average of $9.97 and a 200-day moving average of $10.10. The company has a market cap of $2.38 billion, a P/E ratio of 73.26 and a beta of 0.96. 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 posted 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 company had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $95.41 million. Lexington Realty Trust had a return on equity of 2.92% and a net margin of 9.80%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts forecast that Lexington Realty Trust will post $0.33 earnings per share for the current year.

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Several equities research analysts recently weighed in on LXP shares. Stifel Nicolaus reissued a “hold” rating and set a $10.00 price target on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Jefferies Group LLC reissued a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a research report on Friday, June 23rd. BidaskClub downgraded shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Evercore ISI raised 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 report on Thursday, May 25th. Finally, Zacks Investment Research raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Two 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. The stock has a consensus rating of “Hold” and an average price target of $10.60.

In other Lexington Realty Trust news, EVP Joseph Bonventre sold 135,298 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 360,709 shares of the company’s stock, valued at $3,653,982.17. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $237,107.70. Following the completion of the transaction, the chief executive officer now directly owns 2,223,251 shares of the company’s stock, valued at approximately $21,810,092.31. 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.

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

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