Lexington Realty Trust (LXP) : Cutler Capital Management scooped up 7,723 additional shares in Lexington Realty Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 1,714,260 shares of Lexington Realty Trust which is valued at $15,051,203.Lexington Realty Trust makes up approximately 6.78% of Cutler Capital Management’s portfolio.
Lexington Realty Trust opened for trading at $8.79 and hit $8.97 on the upside on Monday, eventually ending the session at $8.93, with a gain of 1.71% or 0.15 points. The heightened volatility saw the trading volume jump to 11,64,676 shares. Company has a market cap of $2,101 M.
Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in LXP in the latest quarter, The investment management firm added 149 additional shares and now holds a total of 1,789 shares of Lexington Realty Trust which is valued at $15,707.Louisiana State Employees Retirement System boosted its stake in LXP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 93,700 shares of Lexington Realty Trust which is valued at $822,686. Lexington Realty Trust makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Integrated Wealth Management reduced its stake in LXP by selling 3,486 shares or 39.48% in the most recent quarter. The Hedge Fund company now holds 5,344 shares of LXP which is valued at $46,600. Lexington Realty Trust makes up approx 0.02% of Integrated Wealth Management’s portfolio.
On the company’s financial health, Lexington Realty Trust 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. 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.