Cedar Capital Lowers stake in Lexington Realty Trust (LXP)

Lexington Realty Trust (LXP) : Cedar Capital reduced its stake in Lexington Realty Trust by 16.78% during the most recent quarter end. The investment management company now holds a total of 753,751 shares of Lexington Realty Trust which is valued at $7.1 Million after selling 151,935 shares in Lexington Realty Trust , the firm said in a disclosure report filed with the SEC on May 12, 2016.Lexington Realty Trust makes up approximately 2.07% of Cedar Capital’s portfolio.

Other Hedge Funds, Including , Pvg Asset Management boosted its stake in LXP in the latest quarter, The investment management firm added 382,974 additional shares and now holds a total of 690,012 shares of Lexington Realty Trust which is valued at $6.5 Million. Lexington Realty Trust makes up approx 2.51% of Pvg Asset Management’s portfolio.Highlander Capital Management reduced its stake in LXP by selling 3,000 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 27,821 shares of LXP which is valued at $261,796. Lexington Realty Trust makes up approx 0.28% of Highlander Capital Management’s portfolio. Matarin Capital Management added LXP to its portfolio by purchasing 14,850 company shares during the most recent quarter which is valued at $139,739. Lexington Realty Trust makes up approx 0.02% of Matarin Capital Management’s portfolio.Rhumbline Advisers boosted its stake in LXP in the latest quarter, The investment management firm added 38,645 additional shares and now holds a total of 416,674 shares of Lexington Realty Trust which is valued at $3.8 Million. Lexington Realty Trust makes up approx 0.01% of Rhumbline Advisers’s portfolio.

Lexington Realty Trust opened for trading at $9.06 and hit $9.13 on the upside on Friday, eventually ending the session at $9.11, with a gain of 1.22% or 0.11 points. The heightened volatility saw the trading volume jump to 10,65,981 shares. Company has a market cap of $2,141 M.

On the company’s financial health, Lexington Realty Trust reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.27. The company had revenue of $111.60 million for the quarter, compared to analysts expectations of $108.07 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Lexington Realty Trust. Lexington Realty Trust was Downgraded by Ladenburg Thalmann to ” Neutral” on May 19, 2016. Lexington Realty Trust was Downgraded by BofA/Merrill to ” Underperform” on Mar 29, 2016.

Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. It also provides investment advisory and asset management services to investors in the single-tenant area. The Company has equity ownership interests in approximately 215 consolidated real estate properties located in 40 states and containing an aggregate of approximately 39.9 million square feet of space approximately 96.4% of which was leased. It conducts its operations through property owner subsidiaries and lender subsidiaries; an operating partnership Lepercq Corporate Income Fund L.P. in which the Company is the sole unit holder of the general partner and the sole unit holder of the limited partner that holds a majority of the limited partner interests; Lexington Realty Advisors Inc. a subsidiary of the Company and investments in joint ventures.

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