Doheny Asset Management Ca buys $6.7 Million stake in Lexington Realty Trust (LXP)

Lexington Realty Trust (LXP) : Doheny Asset Management Ca scooped up 163,633 additional shares in Lexington Realty Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 711,034 shares of Lexington Realty Trust which is valued at $6.7 Million.Lexington Realty Trust makes up approximately 3.45% of Doheny Asset Management Ca’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments reduced its stake in LXP by selling 2,560 shares or 9.01% in the most recent quarter. The Hedge Fund company now holds 25,867 shares of LXP which is valued at $243,408. Lexington Realty Trust makes up approx 0.01% of Pinebridge Investments’s portfolio.Kempen Capital Management N.v. boosted its stake in LXP in the latest quarter, The investment management firm added 21,043 additional shares and now holds a total of 127,558 shares of Lexington Realty Trust which is valued at $1.2 Million. Lexington Realty Trust makes up approx 0.14% of Kempen Capital Management N.v.’s portfolio.Systematic Financial Management Lp boosted its stake in LXP in the latest quarter, The investment management firm added 445 additional shares and now holds a total of 212,173 shares of Lexington Realty Trust which is valued at $2 Million. Lexington Realty Trust makes up approx 0.03% of Systematic Financial Management Lp’s portfolio.Ls Investment Advisors boosted its stake in LXP in the latest quarter, The investment management firm added 531 additional shares and now holds a total of 7,363 shares of Lexington Realty Trust which is valued at $69,286. Lexington Realty Trust makes up approx 0.01% of Ls Investment Advisors’s portfolio.Cim Investment Mangement Inc boosted its stake in LXP in the latest quarter, The investment management firm added 4,444 additional shares and now holds a total of 35,032 shares of Lexington Realty Trust which is valued at $320,192. Lexington Realty Trust makes up approx 0.14% of Cim Investment Mangement Inc’s portfolio.

Lexington Realty Trust closed down -0.08 points or -0.85% at $9.3 with 6,26,507 shares getting traded on Wednesday. Post opening the session at $9.36, the shares hit an intraday low of $9.24 and an intraday high of $9.36 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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