Axa continued to hold its position in shares of Lexington Realty Trust (NYSE:LXP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,336 shares of the real estate investment trust’s stock at the end of the second quarter. Axa owned about 0.08% of Lexington Realty Trust worth $2,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LXP. Bank of Montreal Can raised its stake in shares of Lexington Realty Trust by 71.1% during the 1st quarter. Bank of Montreal Can now owns 14,077 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 5,849 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Lexington Realty Trust by 49.4% during 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 acquiring an additional 60,000 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Lexington Realty Trust by 7.7% during the 1st 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 acquiring an additional 21,501 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Lexington Realty Trust by 36.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 16,446 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Elkfork Partners LLC raised its stake in shares of Lexington Realty Trust by 19.0% during the 1st quarter. Elkfork Partners LLC now owns 11,732 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,876 shares in the last quarter. Hedge funds and other institutional investors own 72.14% of the company’s stock.

In other Lexington Realty Trust news, CEO T Wilson Eglin sold 24,170 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $9.81, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

Several research analysts recently commented on LXP shares. Zacks Investment Research lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 price objective on shares of Lexington Realty Trust in a research note on Friday, June 23rd. BidaskClub lowered shares of Lexington Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price objective for the company in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.60.

Lexington Realty Trust (NYSE:LXP) opened at 10.09 on Thursday. Lexington Realty Trust has a 52 week low of $9.00 and a 52 week high of $11.42. The firm’s 50-day moving average is $9.90 and its 200-day moving average is $10.00. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 74.74 and a beta of 0.96.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share 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 company had revenue of $95.70 million for the quarter, compared to analyst estimates of $95.41 million. During the same period in the previous year, the business posted $0.29 EPS. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Lexington Realty Trust will post $0.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.70 dividend on an annualized basis and a yield of 6.94%. Lexington Realty Trust’s payout ratio is currently 500.00%.

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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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