Shikiar Asset Management Inc buys $9,374,654 stake in LEXINGTON REALTY TRUST COM (LXP)

LEXINGTON REALTY TRUST COM (LXP) : Shikiar Asset Management Inc scooped up 86,575 additional shares in LEXINGTON REALTY TRUST COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,075,075 shares of LEXINGTON REALTY TRUST COM which is valued at $9,374,654.LEXINGTON REALTY TRUST COM makes up approximately 4.26% of Shikiar Asset Management Inc’s portfolio.

LEXINGTON REALTY TRUST COM opened for trading at $8.83 and hit $8.9 on the upside on Wednesday, eventually ending the session at $8.86, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 10,61,981 shares. Company has a market cap of $2,084 M.

Other Hedge Funds, Including , Community Bank Of Raymore boosted its stake in LXP in the latest quarter, The investment management firm added 210,000 additional shares and now holds a total of 660,000 shares of LEXINGTON REALTY TRUST COM which is valued at $5,755,200. LEXINGTON REALTY TRUST COM makes up approx 2.86% of Community Bank Of Raymore’s portfolio.Gemmer Asset Management boosted its stake in LXP in the latest quarter, The investment management firm added 485 additional shares and now holds a total of 652 shares of LEXINGTON REALTY TRUST COM which is valued at $5,835.Foundry Partners boosted its stake in LXP in the latest quarter, The investment management firm added 5,915 additional shares and now holds a total of 36,124 shares of LEXINGTON REALTY TRUST COM which is valued at $309,583. LEXINGTON REALTY TRUST COM makes up approx 0.03% of Foundry Partners’s portfolio.

On the company’s financial health, LEXINGTON REALTY TRUST COM reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.26. The company had revenue of $106.60 million for the quarter, compared to analysts expectations of $105.35 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on LEXINGTON REALTY TRUST COM. LEXINGTON REALTY TRUST COM 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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