Peregrine Capital Management LLC Has $7.81 Million Holding in Lexington Realty Trust (NYSE:LXP)

Peregrine Capital Management LLC Has $7.81 Million Holding in Lexington Realty Trust (NYSE:LXP)

Peregrine Capital Management LLC boosted its holdings in Lexington Realty Trust (NYSE:LXP) by 49.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 951,070 shares of the real estate investment trust’s stock after buying an additional 312,950 shares during the period. Peregrine Capital Management LLC owned approximately 0.40% of Lexington Realty Trust worth $7,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WINTON GROUP Ltd raised its stake in shares of Lexington Realty Trust by 76.3% during the second quarter. WINTON GROUP Ltd now owns 761,154 shares of the real estate investment trust’s stock valued at $6,645,000 after purchasing an additional 329,415 shares during the period. MetLife Investment Advisors LLC raised its stake in shares of Lexington Realty Trust by 45.6% during the third quarter. MetLife Investment Advisors LLC now owns 144,698 shares of the real estate investment trust’s stock valued at $1,201,000 after purchasing an additional 45,304 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of Lexington Realty Trust during the second quarter valued at approximately $228,000. Gradient Investments LLC raised its stake in shares of Lexington Realty Trust by 4.6% during the third quarter. Gradient Investments LLC now owns 1,135,698 shares of the real estate investment trust’s stock valued at $9,426,000 after purchasing an additional 50,432 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lexington Realty Trust during the third quarter valued at approximately $13,722,000. Hedge funds and other institutional investors own 74.83% of the company’s stock.

Shares of NYSE:LXP traded up $0.03 during midday trading on Monday, reaching $9.50. The company had a trading volume of 2,053,153 shares, compared to its average volume of 1,577,966. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.24 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 4.97 and a beta of 1.04. Lexington Realty Trust has a one year low of $7.59 and a one year high of $9.69.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.1775 dividend. The ex-dividend date was Friday, December 28th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 7.47%. Lexington Realty Trust’s dividend payout ratio (DPR) is presently 73.20%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. DA Davidson upgraded shares of Lexington Realty Trust from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Finally, TheStreet upgraded shares of Lexington Realty Trust from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.67.

Lexington Realty Trust Company Profile

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 portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

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