Cubist Systematic Strategies LLC Buys Shares of 67,671 Lexington Realty Trust (LXP)

Cubist Systematic Strategies LLC bought a new stake in shares of Lexington Realty Trust (NYSE:LXP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 67,671 shares of the real estate investment trust’s stock, valued at approximately $692,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can grew its position in shares of Lexington Realty Trust by 187.2% during the 2nd quarter. Bank of Montreal Can now owns 40,428 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 26,351 shares during the period. Sei Investments Co. grew its position in shares of Lexington Realty Trust by 7.4% during the 2nd quarter. Sei Investments Co. now owns 53,414 shares of the real estate investment trust’s stock valued at $529,000 after acquiring an additional 3,697 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Lexington Realty Trust by 49.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,684,423 shares of the real estate investment trust’s stock valued at $26,603,000 after acquiring an additional 892,164 shares during the period. Legal & General Group Plc grew its position in shares of Lexington Realty Trust by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 1,074,975 shares of the real estate investment trust’s stock valued at $10,653,000 after acquiring an additional 53,191 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Lexington Realty Trust by 10.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 141,046 shares of the real estate investment trust’s stock valued at $1,398,000 after acquiring an additional 13,702 shares during the period. Institutional investors and hedge funds own 73.93% of the company’s stock.

A number of equities research analysts have recently issued reports on LXP shares. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Evercore ISI downgraded shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. KeyCorp reissued a “hold” rating on shares of Lexington Realty Trust in a research report on Sunday, September 24th. Jefferies Group reissued a “hold” rating and set a $11.00 price objective on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. Finally, DA Davidson started coverage on shares of Lexington Realty Trust in a research report on Monday, September 25th. They set a “neutral” rating and a $10.75 price objective for the company. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Lexington Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $10.79.

Lexington Realty Trust (NYSE LXP) opened at $9.75 on Monday. The firm has a market cap of $2,330.00, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.56 and a beta of 0.96. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.73. Lexington Realty Trust has a 1-year low of $9.00 and a 1-year high of $11.42.

Lexington Realty Trust (NYSE:LXP) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $97.70 million during the quarter, compared to the consensus estimate of $97.71 million. Lexington Realty Trust had a net margin of 17.96% and a return on equity of 5.29%. Lexington Realty Trust’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. analysts expect that Lexington Realty Trust will post 0.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.1775 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.71 annualized dividend and a yield of 7.28%. This is an increase from Lexington Realty Trust’s previous quarterly dividend of $0.18. Lexington Realty Trust’s dividend payout ratio is currently 241.38%.

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Lexington Realty Trust Company Profile

Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.

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

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