Trading Report: Today, Global X Management Co. LLC invests in Lexington Realty Trust (LXP) Shares

Today, Global X Management Co. LLC invests in Lexington Realty Trust (LXP) Shares

Global X Management Co. LLC boosted its position in shares of Lexington Realty Trust (NYSE:LXP) by 12.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,012,017 shares of the real estate investment trust’s stock after buying an additional 109,434 shares during the period. Global X Management Co. LLC owned about 0.43% of Lexington Realty Trust worth $10,424,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Lexington Realty Trust by 7.8% in the second quarter. Vanguard Group Inc. now owns 35,806,396 shares of the real estate investment trust’s stock worth $362,002,000 after buying an additional 2,594,675 shares during the period. BlackRock Fund Advisors raised its position in Lexington Realty Trust by 7.4% in the second quarter. BlackRock Fund Advisors now owns 15,516,290 shares of the real estate investment trust’s stock worth $156,870,000 after buying an additional 1,075,144 shares in the last quarter. LSV Asset Management raised its position in Lexington Realty Trust by 9.8% in the second quarter. LSV Asset Management now owns 11,891,830 shares of the real estate investment trust’s stock worth $120,226,000 after buying an additional 1,060,380 shares in the last quarter. Macquarie Group Ltd. raised its position in Lexington Realty Trust by 1.5% in the second quarter. Macquarie Group Ltd. now owns 5,090,168 shares of the real estate investment trust’s stock worth $51,462,000 after buying an additional 75,645 shares in the last quarter. Finally, State Street Corp raised its position in Lexington Realty Trust by 9.4% in the second quarter. State Street Corp now owns 5,008,455 shares of the real estate investment trust’s stock worth $50,631,000 after buying an additional 429,035 shares in the last quarter. Institutional investors and hedge funds own 71.32% of the company’s stock.

Lexington Realty Trust (NYSE:LXP) opened at 10.36 on Friday. The firm’s 50-day moving average price is $9.93 and its 200-day moving average price is $10.11. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 24.49 and a beta of 1.03. Lexington Realty Trust has a 12 month low of $6.52 and a 12 month high of $11.02.

Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm earned $106.30 million during the quarter, compared to analysts’ expectations of $101.21 million. Lexington Realty Trust had a return on equity of 7.95% and a net margin of 24.89%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities research analysts predict that Lexington Realty Trust will post $1.11 earnings per share for the current year.

A number of research analysts recently issued reports on LXP shares. KeyCorp restated a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, October 11th. Barclays PLC restated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research report on Tuesday, August 16th. Zacks Investment Research upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Jefferies Group restated a “neutral” rating on shares of Lexington Realty Trust in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.33.

Lexington Realty Trust Company Profile

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