Waratah Capital Advisors Ltd. Takes $1.50 Million Position in Lexington Realty Trust (LXP)

Waratah Capital Advisors Ltd. purchased a new position in Lexington Realty Trust (NYSE:LXP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 165,100 shares of the real estate investment trust’s stock, valued at approximately $1,496,000.

A number of other large investors have also modified their holdings of LXP. Bank of New York Mellon Corp raised its holdings in shares of Lexington Realty Trust by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,622,825 shares of the real estate investment trust’s stock worth $29,744,000 after purchasing an additional 67,293 shares during the period. Norges Bank purchased a new position in shares of Lexington Realty Trust in the 4th quarter worth about $23,974,000. Geode Capital Management LLC raised its holdings in shares of Lexington Realty Trust by 5.1% in 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 purchasing an additional 109,876 shares during the period. Systematic Financial Management LP raised its holdings in shares of Lexington Realty Trust by 9.5% in the 1st quarter. Systematic Financial Management LP now owns 2,165,318 shares of the real estate investment trust’s stock worth $19,618,000 after purchasing an additional 187,986 shares during the period. Finally, Foundry Partners LLC raised its holdings in shares of Lexington Realty Trust by 7.0% during the 1st quarter. Foundry Partners LLC now owns 1,807,247 shares of the real estate investment trust’s stock valued at $16,374,000 after buying an additional 117,492 shares during the period. 78.47% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on LXP. Zacks Investment Research downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. DA Davidson upgraded Lexington Realty Trust from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, TheStreet upgraded Lexington Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.33.

Shares of NYSE:LXP traded up $0.07 during mid-day trading on Thursday, hitting $9.22. 304,994 shares of the company traded hands, compared to its average volume of 1,744,828. The company has a market cap of $2.15 billion, a P/E ratio of 9.60, a PEG ratio of 13.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 0.22. Lexington Realty Trust has a 52-week low of $7.66 and a 52-week high of $9.70.

Lexington Realty Trust (NYSE:LXP) last announced its 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). The company had revenue of $81.25 million for the quarter, compared to analysts’ expectations of $80.70 million. Lexington Realty Trust had a net margin of 72.14% and a return on equity of 21.72%. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. Analysts predict that Lexington Realty Trust will post 0.78 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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