Cutler Capital Management Lowers stake in Lexington Realty Trust (LXP)

Lexington Realty Trust (LXP) : Cutler Capital Management reduced its stake in Lexington Realty Trust by 0.47% during the most recent quarter end. The investment management company now holds a total of 1,706,284 shares of Lexington Realty Trust which is valued at $18,154,862 after selling 7,976 shares in Lexington Realty Trust , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Lexington Realty Trust makes up approximately 13.30% of Cutler Capital Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc sold out all of its stake in LXP during the most recent quarter. The investment firm sold 5,500 shares of LXP which is valued $58,520. Edge Wealth Management added LXP to its portfolio by purchasing 2,270 company shares during the most recent quarter which is valued at $23,222. Lexington Realty Trust makes up approx 0.01% of Edge Wealth Management’s portfolio.

Lexington Realty Trust opened for trading at $10.72 and hit $10.915 on the upside on Friday, eventually ending the session at $10.87, with a gain of 1.49% or 0.16 points. The heightened volatility saw the trading volume jump to 16,62,506 shares. Company has a market cap of $2,555 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 Jefferies to ” Hold” on Jul 19, 2016. Lexington Realty Trust was Downgraded by Ladenburg Thalmann to ” Neutral” on May 19, 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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