Nordea Investment Management AB boosted its holdings in Lexington Realty Trust (NYSE:LXP) by 7,403.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 210,100 shares of the real estate investment trust’s stock after buying an additional 207,300 shares during the period. Nordea Investment Management AB owned approximately 0.09% of Lexington Realty Trust worth $1,903,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of LXP. Clearbridge Investments LLC raised its stake in shares of Lexington Realty Trust by 2.9% during the first quarter. Clearbridge Investments LLC now owns 2,179,843 shares of the real estate investment trust’s stock valued at $19,749,000 after purchasing an additional 60,700 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Lexington Realty Trust during the first quarter valued at about $105,000. ClariVest Asset Management LLC bought a new stake in shares of Lexington Realty Trust during the first quarter valued at about $1,878,000. Citigroup Inc. raised its stake in shares of Lexington Realty Trust by 13.8% during the first quarter. Citigroup Inc. now owns 251,286 shares of the real estate investment trust’s stock valued at $2,277,000 after purchasing an additional 30,473 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Lexington Realty Trust during the first quarter valued at about $621,000. 85.32% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on LXP shares. Stifel Nicolaus set a $14.00 price objective on shares of Roadrunner Transportation Systems and gave the company a “hold” rating in a research note on Tuesday, May 28th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lexington Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $9.29.
Lexington Realty Trust stock traded down $0.15 during midday trading on Friday, hitting $9.49. The company’s stock had a trading volume of 1,389,922 shares, compared to its average volume of 1,448,615. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.22 and a quick ratio of 0.22. The business’s 50-day simple moving average is $9.46. Lexington Realty Trust has a 12 month low of $7.66 and a 12 month high of $9.88. The firm has a market capitalization of $2.26 billion, a P/E ratio of 9.89, a PEG ratio of 13.75 and a beta of 0.88.
Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.10). Lexington Realty Trust had a return on equity of 21.72% and a net margin of 72.14%. The business had revenue of $81.25 million during the quarter, compared to the consensus estimate of $80.70 million. During the same quarter last year, the firm posted $0.25 earnings per share. Lexington Realty Trust’s revenue was down 21.0% compared to the same quarter last year. As a group, equities analysts predict that Lexington Realty Trust will post 0.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.102 dividend. This represents a $0.41 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Thursday, June 27th. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 42.71%.
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 industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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