Peregrine Capital Management LLC lowered its position in Lexington Realty Trust (NYSE:LXP) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 942,627 shares of the real estate investment trust’s stock after selling 4,822 shares during the quarter. Peregrine Capital Management LLC’s holdings in Lexington Realty Trust were worth $8,870,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Lexington Realty Trust by 5.1% during the fourth 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 last quarter. Two Sigma Investments LP acquired a new position in Lexington Realty Trust during the 4th quarter valued at approximately $1,130,000. Two Sigma Advisers LP boosted its position in Lexington Realty Trust by 335.2% during the 4th quarter. Two Sigma Advisers LP now owns 412,908 shares of the real estate investment trust’s stock valued at $3,390,000 after purchasing an additional 318,038 shares during the period. Squarepoint Ops LLC acquired a new position in Lexington Realty Trust during the 4th quarter valued at approximately $890,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in Lexington Realty Trust by 194.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 79,138 shares of the real estate investment trust’s stock valued at $650,000 after purchasing an additional 52,238 shares during the period. Hedge funds and other institutional investors own 86.32% of the company’s stock.
NYSE:LXP traded down $0.02 during midday trading on Thursday, reaching $9.87. 10,593 shares of the company traded hands, compared to its average volume of 1,088,498. Lexington Realty Trust has a twelve month low of $7.66 and a twelve month high of $9.96. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of -19.14 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $9.56.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, June 27th. Lexington Realty Trust’s payout ratio is currently 42.71%.
A number of research analysts recently issued reports on LXP shares. Zacks Investment Research upgraded Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, May 10th. Stifel Nicolaus upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating and set a $9.15 price objective for the company in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.29.
In other Lexington Realty Trust news, EVP Joseph Bonventre sold 20,000 shares of Lexington Realty Trust stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $9.30, for a total transaction of $186,000.00. Following the sale, the executive vice president now owns 362,103 shares of the company’s stock, valued at approximately $3,367,557.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.26% of the stock is owned by insiders.
About Lexington Realty Trust
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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