Peregrine Capital Management LLC bought a new position in shares of Lexington Realty Trust (NYSE:LXP) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 638,120 shares of the real estate investment trust’s stock, valued at approximately $5,296,000. Peregrine Capital Management LLC owned approximately 0.27% of Lexington Realty Trust at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY grew its holdings in shares of Lexington Realty Trust by 11.6% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 85,389 shares of the real estate investment trust’s stock valued at $745,000 after acquiring an additional 8,865 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Lexington Realty Trust by 15.5% in the 1st quarter. Sei Investments Co. now owns 69,783 shares of the real estate investment trust’s stock valued at $549,000 after acquiring an additional 9,354 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Lexington Realty Trust by 36.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 36,229 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 9,605 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Lexington Realty Trust by 37.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 39,285 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 10,665 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Lexington Realty Trust by 12.3% in the 2nd quarter. MetLife Investment Advisors LLC now owns 99,394 shares of the real estate investment trust’s stock valued at $868,000 after acquiring an additional 10,865 shares in the last quarter. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Several equities analysts have recently weighed in on LXP shares. Zacks Investment Research cut Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Jefferies Financial Group restated a “hold” rating and issued a $9.00 price objective on shares of Lexington Realty Trust in a report on Thursday, August 9th. ValuEngine cut Lexington Realty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. Finally, Wells Fargo & Co upgraded Lexington Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $8.50 to $9.00 in a report on Thursday, September 27th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.17.

Shares of NYSE LXP opened at $7.86 on Monday. The stock has a market capitalization of $1.89 billion, a PE ratio of 7.78, a P/E/G ratio of 4.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.14 and a quick ratio of 0.14. Lexington Realty Trust has a fifty-two week low of $7.59 and a fifty-two week high of $10.64.

Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Wednesday, August 8th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.25). Lexington Realty Trust had a net margin of 4.99% and a return on equity of 1.69%. The firm had revenue of $105.50 million during the quarter, compared to analyst estimates of $101.91 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that Lexington Realty Trust will post 0.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.1775 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.71 annualized dividend and a yield of 9.03%. Lexington Realty Trust’s dividend payout ratio (DPR) is currently 73.20%.

Lexington Realty Trust Profile

Lexington Realty Trust (NYSE:LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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

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