Ameritas Investment Partners Inc. Has $198,000 Position in Lexington Realty Trust (LXP)
Ameritas Investment Partners Inc. held its stake in shares of Lexington Realty Trust (NYSE:LXP) during the first quarter, Holdings Channel reports. The firm owned 19,862 shares of the real estate investment trust’s stock at the end of the first quarter. Ameritas Investment Partners Inc.’s holdings in Lexington Realty Trust were worth $198,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of LXP. Elkfork Partners LLC purchased a new stake in shares of Lexington Realty Trust during the fourth quarter valued at $106,000. James Investment Research Inc. purchased a new stake in shares of Lexington Realty Trust during the first quarter valued at $131,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Lexington Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,524 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 737 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Lexington Realty Trust by 1.8% in the first quarter. World Asset Management Inc now owns 13,870 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 249 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Lexington Realty Trust by 71.1% in the first quarter. Bank of Montreal Can now owns 14,077 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 5,849 shares in the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.
Shares of Lexington Realty Trust (NYSE:LXP) opened at 10.23 on Friday. Lexington Realty Trust has a one year low of $9.00 and a one year high of $11.42. The stock has a market capitalization of $2.46 billion, a PE ratio of 30.27 and a beta of 0.96. The firm has a 50 day moving average price of $9.79 and a 200 day moving average price of $10.38.
Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a return on equity of 5.97% and a net margin of 19.61%. The company had revenue of $96.10 million for the quarter, compared to analyst estimates of $94.72 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down 13.9% compared to the same quarter last year. Analysts predict that Lexington Realty Trust will post $0.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.70 annualized dividend and a yield of 6.84%. Lexington Realty Trust’s payout ratio is 218.76%.
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Several equities research analysts have weighed in on the company. BidaskClub upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, May 18th. Zacks Investment Research cut Lexington Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 30th. Finally, Evercore ISI upgraded Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price for the company in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.67.
In related news, Chairman E Robert Roskind sold 70,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $9.54, for a total transaction of $667,800.00. Following the completion of the transaction, the chairman now directly owns 792,435 shares of the company’s stock, valued at approximately $7,559,829.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Bonventre sold 135,298 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $10.13, for a total value of $1,370,568.74. Following the transaction, the executive vice president now directly owns 360,709 shares of the company’s stock, valued at $3,653,982.17. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
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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