Principal Financial Group Inc. reduced its holdings in Lexington Realty Trust (NYSE:LXP) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,736,827 shares of the real estate investment trust’s stock after selling 7,040 shares during the period. Principal Financial Group Inc. owned about 0.74% of Lexington Realty Trust worth $14,259,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Bremer Trust National Association purchased a new stake in Lexington Realty Trust in the fourth quarter valued at $34,000. Oregon Public Employees Retirement Fund purchased a new stake in Lexington Realty Trust in the fourth quarter valued at $80,000. NumerixS Investment Technologies Inc purchased a new stake in Lexington Realty Trust in the fourth quarter valued at $95,000. Keybank National Association OH raised its position in Lexington Realty Trust by 12.6% in the fourth quarter. Keybank National Association OH now owns 11,820 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 1,320 shares during the period. Finally, Pitcairn Co. purchased a new stake in Lexington Realty Trust in the fourth quarter valued at $130,000. 76.50% of the stock is currently owned by institutional investors.
NYSE LXP traded up $0.06 during trading on Friday, reaching $9.09. 954,523 shares of the company’s stock were exchanged, compared to its average volume of 1,787,177. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 10.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.22 and a quick ratio of 0.22. Lexington Realty Trust has a 1 year low of $7.66 and a 1 year high of $9.70.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.102 dividend. This represents a $0.41 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Thursday, March 28th. Lexington Realty Trust’s payout ratio is currently 42.71%.
A number of equities research analysts have commented on the company. TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. DA Davidson raised Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research cut Lexington Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, March 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Lexington Realty Trust currently has an average rating of “Hold” and an average price target of $8.50.
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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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