Public Employees Retirement System of Ohio grew its holdings in Lexington Realty Trust (NYSE:LXP) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,202 shares of the real estate investment trust’s stock after buying an additional 1,069 shares during the period. Public Employees Retirement System of Ohio’s holdings in Lexington Realty Trust were worth $359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tocqueville Asset Management L.P. lifted its position in shares of 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. Riverhead Capital Management LLC lifted its position in shares of Lexington Realty Trust by 86.3% in 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 during the last quarter. World Asset Management Inc lifted its position in shares of Lexington Realty Trust by 1.0% in 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 during the last quarter. Pacad Investment Ltd. lifted its position in shares of Lexington Realty Trust by 53.7% in the second quarter. Pacad Investment Ltd. now owns 14,600 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 5,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Lexington Realty Trust by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,984 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,460 shares during the last quarter. 72.62% of the stock is owned by institutional investors.

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Shares of Lexington Realty Trust (NYSE LXP) opened at $10.46 on Wednesday. The firm has a market capitalization of $2,529.17, a P/E ratio of 11.06, a P/E/G ratio of 2.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19. Lexington Realty Trust has a fifty-two week low of $9.00 and a fifty-two week high of $11.42.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $97.71 million. Lexington Realty Trust had a return on equity of 5.29% and a net margin of 17.96%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. analysts predict that Lexington Realty Trust will post 0.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.1775 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Lexington Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.71 annualized dividend and a yield of 6.79%. Lexington Realty Trust’s payout ratio is currently 259.26%.

A number of analysts have recently issued reports on LXP shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. KeyCorp reissued a “hold” rating on shares of Lexington Realty Trust in a report on Sunday, September 24th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, August 17th. Zacks Investment Research raised Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, October 26th. Finally, BidaskClub raised Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, August 4th. 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 stock has an average rating of “Hold” and a consensus price target of $10.79.

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.

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

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