State of Alaska Department of Revenue grew its position in shares of Lexington Realty Trust (NYSE:LXP) by 31.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 209,925 shares of the real estate investment trust’s stock after buying an additional 49,709 shares during the quarter. State of Alaska Department of Revenue’s holdings in Lexington Realty Trust were worth $2,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Zebra Capital Management LLC bought a new position in shares of Lexington Realty Trust during the 2nd quarter worth approximately $545,000. LSV Asset Management lifted its position in shares of Lexington Realty Trust by 1.0% during the 2nd quarter. LSV Asset Management now owns 11,574,463 shares of the real estate investment trust’s stock worth $108,915,000 after buying an additional 114,954 shares in the last quarter. Citigroup Inc. lifted its position in shares of Lexington Realty Trust by 13.8% during the 1st quarter. Citigroup Inc. now owns 251,286 shares of the real estate investment trust’s stock worth $2,277,000 after buying an additional 30,473 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Lexington Realty Trust during the 2nd quarter worth approximately $23,741,000. Finally, Geode Capital Management LLC lifted its position in shares of Lexington Realty Trust by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 2,249,268 shares of the real estate investment trust’s stock worth $18,466,000 after buying an additional 109,876 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LXP traded up $0.01 during mid-day trading on Wednesday, reaching $10.32. The company had a trading volume of 2,847 shares, compared to its average volume of 1,758,206. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 10.77, a PEG ratio of -20.17 and a beta of 0.85. The company’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.62. Lexington Realty Trust has a one year low of $7.66 and a one year high of $10.67.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.61 million. Lexington Realty Trust had a net margin of 84.56% and a return on equity of 23.21%. Lexington Realty Trust’s revenue was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, research analysts anticipate that Lexington Realty Trust will post 0.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.102 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 3.95%. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 42.71%.

Several equities analysts have commented on the stock. Wells Fargo & Co cut shares of Lexington Realty Trust from an “outperform” rating to a “market perform” rating and set a $10.50 target price on the stock. in a research report on Monday, August 26th. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $9.50 to $11.00 in a report on Wednesday, August 7th. Finally, Evercore ISI set a $10.00 price target on shares of Lexington Realty Trust and gave the stock a “buy” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Lexington Realty Trust presently has a consensus rating of “Hold” and an average target price of $10.63.

Lexington Realty Trust Company 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 industrial 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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