Should You Avoid Lexington Realty Trust (LXP)?

Let’s also examine hedge fund activity in other stocks similar to Lexington Realty Trust (NYSE:LXP). These stocks are GATX Corporation (NYSE:GMT), Balchem Corporation (NASDAQ:BCPC), AllianceBernstein Income Fund Inc. (NYSE:ACG), and Alexander’s, Inc. (NYSE:ALX). All of these stocks’ market caps are similar to LXP’s market cap.

As you can see these stocks had an average of 7.75 hedge funds with bullish positions and the average amount invested in these stocks was $96 million. That figure was $100 million in LXP’s case. GATX Corporation (NYSE:GMT) is the most popular stock in this table. On the other hand Alexander’s, Inc. (NYSE:ALX) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Lexington Realty Trust (NYSE:LXP) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail despite the number of funds long the stock declining by 2.