Lexington Realty Trust (LXP) : Doheny Asset Management Ca reduced its stake in Lexington Realty Trust by 2.18% during the most recent quarter end. The investment management company now holds a total of 695,534 shares of Lexington Realty Trust which is valued at $7,532,633 after selling 15,500 shares in Lexington Realty Trust , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Lexington Realty Trust makes up approximately 3.65% of Doheny Asset Management Ca’s portfolio.
Other Hedge Funds, Including , Shufro Rose Co boosted its stake in LXP in the latest quarter, The investment management firm added 1,589 additional shares and now holds a total of 34,229 shares of Lexington Realty Trust which is valued at $357,008. Lexington Realty Trust makes up approx 0.04% of Shufro Rose Co’s portfolio.Forward Management reduced its stake in LXP by selling 10,390 shares or 3.58% in the most recent quarter. The Hedge Fund company now holds 280,000 shares of LXP which is valued at $2,903,600. Lexington Realty Trust makes up approx 0.23% of Forward Management’s portfolio.
Lexington Realty Trust closed down -0.13 points or -1.21% at $10.63 with 10,62,762 shares getting traded on Friday. Post opening the session at $10.77, the shares hit an intraday low of $10.56 and an intraday high of $10.79 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Lexington Realty Trust reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.27. The company had revenue of $109.60 million for the quarter, compared to analysts expectations of $104.45 million. The company’s revenue was down -.6 % 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 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.