Geode Capital Management LLC lifted its position in shares of Lexington Realty Trust (NYSE:LXP) by 5.1% in the 4th quarter, HoldingsChannel reports. The fund owned 2,249,268 shares of the real estate investment trust’s stock after buying an additional 109,876 shares during the quarter. Geode Capital Management LLC’s holdings in Lexington Realty Trust were worth $18,466,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Lexington Realty Trust by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 3,622,825 shares of the real estate investment trust’s stock valued at $29,744,000 after acquiring an additional 67,293 shares in the last quarter. Norges Bank bought a new stake in shares of Lexington Realty Trust during the fourth quarter valued at approximately $23,974,000. Mirae Asset Global Investments Co. Ltd. grew its position in Lexington Realty Trust by 6.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,761,848 shares of the real estate investment trust’s stock worth $14,465,000 after purchasing an additional 108,581 shares during the period. Northwood Liquid Management LP bought a new stake in Lexington Realty Trust in the 4th quarter worth approximately $8,280,000. Finally, Millennium Management LLC grew its position in Lexington Realty Trust by 263.7% in the 4th quarter. Millennium Management LLC now owns 910,602 shares of the real estate investment trust’s stock worth $7,476,000 after purchasing an additional 660,258 shares during the period. 85.31% of the stock is owned by institutional investors.
LXP opened at $9.33 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 0.22. Lexington Realty Trust has a fifty-two week low of $7.66 and a fifty-two week high of $9.70. The firm has a market cap of $2.21 billion, a P/E ratio of 9.72, a PEG ratio of 13.47 and a beta of 0.89.
In related news, EVP Joseph Bonventre sold 20,000 shares of Lexington Realty Trust stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $9.30, for a total transaction of $186,000.00. Following the transaction, the executive vice president now owns 362,103 shares in the company, valued at approximately $3,367,557.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.26% of the stock is currently owned by insiders.
LXP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, May 1st. Stifel Nicolaus raised shares of Lexington Realty Trust from a “sell” rating to a “hold” rating and set a $9.15 target price for the company in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $9.29.
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About Lexington Realty Trust
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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