Trade Report: Today, LSV Asset Management Buys 25,900 Shares of Lexington Realty Trust (LXP)

Today, LSV Asset Management Buys 25,900 Shares of Lexington Realty Trust (LXP)

LSV Asset Management boosted its position in Lexington Realty Trust (NYSE:LXP) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,917,730 shares of the real estate investment trust’s stock after buying an additional 25,900 shares during the period. LSV Asset Management owned about 0.05% of Lexington Realty Trust worth $122,752,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. World Asset Management Inc purchased a new position in Lexington Realty Trust during the second quarter worth about $108,000. Paragon Capital Management Ltd purchased a new position in Lexington Realty Trust during the second quarter worth about $116,000. Genesee Valley Trust Co. purchased a new position in Lexington Realty Trust during the second quarter worth about $125,000. Public Employees Retirement System of Ohio increased its position in Lexington Realty Trust by 8.1% in the second quarter. Public Employees Retirement System of Ohio now owns 12,906 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 967 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Lexington Realty Trust by 160.9% in the second quarter. PNC Financial Services Group Inc. now owns 16,145 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 9,956 shares in the last quarter. 71.09% of the stock is currently owned by hedge funds and other institutional investors.

Lexington Realty Trust (NYSE:LXP) opened at 10.46 on Tuesday. Lexington Realty Trust has a one year low of $6.52 and a one year high of $11.02. The stock has a market capitalization of $2.48 billion, a P/E ratio of 24.73 and a beta of 1.03. The company has a 50 day moving average of $9.99 and a 200-day moving average of $10.14.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $106.30 million for 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 business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. Equities research analysts predict that Lexington Realty Trust will post $1.11 earnings per share for the current fiscal year.

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

Lexington Realty Trust Company Profile

Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area.

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