Levin Capital Strategies LP Has Cut Tejon Ranch Co (TRC) Holding by $550,643 as Valuation Rose; Lexington Realty Tr (LXP) Holder Shikiar Asset Management Has Raised Position by $920,570

June 2, 2018 - By Dolores Ford

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Shikiar Asset Management Inc increased its stake in Lexington Realty Tr (LXP) by 24.33% based on its latest 2018Q1 regulatory filing with the SEC. Shikiar Asset Management Inc bought 131,510 shares as the company’s stock rose 0.60% while stock markets declined. The institutional investor held 671,960 shares of the real estate investment trusts company at the end of 2018Q1, valued at $5.29 million, up from 540,450 at the end of the previous reported quarter. Shikiar Asset Management Inc who had been investing in Lexington Realty Tr for a number of months, seems to be bullish on the $2.09 billion market cap company. The stock decreased 0.70% or $0.06 during the last trading session, reaching $8.57. About 1.26 million shares traded or 2.61% up from the average. Lexington Realty Trust (NYSE:LXP) has declined 13.70% since June 2, 2017 and is downtrending. It has underperformed by 26.27% the S&P500.

John A. Levin decreased its stake in Tejon Ranch Co (TRC) by 5.85% based on its latest 2018Q1 regulatory filing with the SEC. Levin Capital Strategies Lp sold 23,941 shares as the company’s stock rose 10.82% while stock markets declined. The hedge fund run by John A. Levin held 385,413 shares of the real estate company at the end of 2018Q1, valued at $8.91M, down from 409,354 at the end of the previous reported quarter. Levin Capital Strategies Lp who had been investing in Tejon Ranch Co for a number of months, seems to be less bullish one the $641.75M market cap company. The stock increased 0.53% or $0.13 during the last trading session, reaching $24.73. About 58,814 shares traded. Tejon Ranch Co. (NYSE:TRC) has risen 26.38% since June 2, 2017 and is uptrending. It has outperformed by 13.81% the S&P500.

More important recent Lexington Realty Trust (NYSE:LXP) news were published by: Seekingalpha.com which released: “Lexington Realty Trust: Steady Progress” on May 17, 2018, also Globenewswire.com published article titled: “Lexington Realty Trust to Present at NAREIT’s REITWeek 2018 Investor Conference”, Globenewswire.com published: “Lexington Realty Trust Reports First Quarter 2018 Results” on May 08, 2018. More interesting news about Lexington Realty Trust (NYSE:LXP) was released by: Seekingalpha.com and their article: “Lexington May Be Down, But Certainly Not Out” with publication date: May 28, 2018.

Shikiar Asset Management Inc, which manages about $319.33M and $219.69 million US Long portfolio, decreased its stake in Nvidia Corp (NASDAQ:NVDA) by 1,690 shares to 30,830 shares, valued at $7.14M in 2018Q1, according to the filing. It also reduced its holding in Vodafone Group Plc (NASDAQ:VOD) by 12,450 shares in the quarter, leaving it with 70,305 shares, and cut its stake in Aramark (NYSE:ARMK).

Among 11 analysts covering Lexington Realty (NYSE:LXP), 0 have Buy rating, 3 Sell and 8 Hold. Therefore 0 are positive. Lexington Realty had 27 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Monday, August 14. The rating was maintained by Jefferies on Monday, September 18 with “Hold”. The firm has “Underperform” rating given on Tuesday, March 29 by Bank of America. As per Tuesday, December 15, the company rating was downgraded by Wells Fargo. The firm earned “Underweight” rating on Monday, January 23 by Barclays Capital. The firm has “Hold” rating given on Monday, June 13 by Evercore. The rating was maintained by Jefferies with “Hold” on Monday, October 23. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, March 20. On Monday, October 23 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, September 18 report.

Investors sentiment increased to 1.18 in 2018 Q1. Its up 0.18, from 1 in 2017Q4. It is positive, as 25 investors sold LXP shares while 65 reduced holdings. 30 funds opened positions while 76 raised stakes. 176.52 million shares or 0.23% more from 176.11 million shares in 2017Q4 were reported. Raymond James & holds 0% or 184,403 shares. State Of Alaska Department Of Revenue holds 0.03% or 207,870 shares. Interest Grp stated it has 138,535 shares or 0% of all its holdings. Magnetar Financial Limited Company stated it has 37,262 shares or 0.01% of all its holdings. Amalgamated Bankshares owns 30,827 shares or 0.01% of their US portfolio. Regions Financial has invested 0% in Lexington Realty Trust (NYSE:LXP). Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Lexington Realty Trust (NYSE:LXP). Barclays Public Limited holds 0% or 83,077 shares in its portfolio. Moreover, Vantage Investment Advsr Ltd has 0% invested in Lexington Realty Trust (NYSE:LXP). Glenmede Na holds 0% or 1,821 shares in its portfolio. Hbk Invests Lp, a Texas-based fund reported 28,600 shares. Everence accumulated 19,510 shares. Schroder Inv Mngmt Gp has 0% invested in Lexington Realty Trust (NYSE:LXP). Numerixs Investment Techs reported 0% stake. Gateway Invest Advisers Ltd Liability Com invested 0.01% in Lexington Realty Trust (NYSE:LXP).

More news for Tejon Ranch Co. (NYSE:TRC) were recently published by: Businesswire.com, which released: “Tejon Ranch Co. Reports First Quarter 2018 Results of Operations” on May 07, 2018. Globenewswire.com‘s article titled: “Analysis: Positioning to Benefit within Beazer Homes, Tejon Ranch, Ladder Capital, Fate Therapeutics, Benefitfocus …” and published on May 22, 2018 is yet another important article.

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