Lexington Realty Trust (NYSE:LXP) shares reached a new 52-week high during trading on Monday . The company traded as high as $10.42 and last traded at $10.40, with a volume of 575,778 shares changing hands. The stock had previously closed at $10.23.

A number of research analysts recently commented on LXP shares. Evercore ISI upped their price objective on Lexington Realty Trust to $9.50 in a report on Monday, March 21st. Wells Fargo & Co. restated a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, May 5th. Ladenburg Thalmann cut Lexington Realty Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, May 19th. Finally, Bank of America Corp. cut Lexington Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.75.

The firm has a 50 day moving average price of $9.72 and a 200-day moving average price of $8.53. The company has a market cap of $2.45 billion and a price-to-earnings ratio of 20.063.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. During the same period last year, the business earned $0.26 earnings per share. The business had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $107.03 million. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Lexington Realty Trust will post $1.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.65%.

In other news, CEO T Wilson Eglin sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $9.78, for a total transaction of $489,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,155,854 shares of the company’s stock, valued at approximately $21,084,252.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Beth Boulerice sold 7,400 shares of Lexington Realty Trust stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $9.60, for a total transaction of $71,040.00. Following the completion of the sale, the chief accounting officer now directly owns 190,617 shares of the company’s stock, valued at $1,829,923.20. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Lexington Realty Trust by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,816,297 shares of the real estate investment trust’s stock valued at $22,531,000 after buying an additional 48,468 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Lexington Realty Trust by 6.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,241,729 shares of the real estate investment trust’s stock valued at $33,934,000 after buying an additional 238,900 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Lexington Realty Trust by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,423,556 shares of the real estate investment trust’s stock valued at $11,388,000 after buying an additional 56,126 shares during the last quarter. Doheny Asset Management CA boosted its stake in Lexington Realty Trust by 1.2% in the fourth quarter. Doheny Asset Management CA now owns 547,401 shares of the real estate investment trust’s stock valued at $4,379,000 after buying an additional 6,700 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Lexington Realty Trust by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 769,447 shares of the real estate investment trust’s stock valued at $6,156,000 after buying an additional 9,300 shares during the last quarter.

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. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area.

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