Lexington Realty Trust (NYSE:LXP)’s share price hit 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 traded. The stock had previously closed at $10.23.

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

The firm has a 50-day moving average price of $9.80 and a 200-day moving average price of $8.56. The company has a market cap of $2.48 billion and a price-to-earnings ratio of 20.31.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business earned $111.60 million during the quarter, compared to analyst estimates of $107.03 million. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts predict that Lexington Realty Trust will post $1.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Tuesday, June 28th.

In other Lexington Realty Trust news, CEO T Wilson Eglin sold 50,000 shares of Lexington Realty Trust stock in a transaction on Friday, June 10th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the completion of the transaction, the chief executive officer now owns 2,155,854 shares of the company’s stock, valued at $21,084,252.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Richard J. Rouse sold 10,000 shares of Lexington Realty Trust stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $9.18, for a total transaction of $91,800.00. Following the completion of the transaction, the insider now directly owns 600,148 shares of the company’s stock, valued at approximately $5,509,358.64. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. Nationwide Fund Advisors increased its position in Lexington Realty Trust by 1.1% in the fourth quarter. Nationwide Fund Advisors now owns 174,531 shares of the real estate investment trust’s stock worth $1,396,000 after buying an additional 1,843 shares in the last quarter. Sei Investments Co. increased its position in Lexington Realty Trust by 964.4% in the fourth quarter. Sei Investments Co. now owns 285,193 shares of the real estate investment trust’s stock worth $2,282,000 after buying an additional 258,399 shares in the last quarter. Rhumbline Advisers increased its position in Lexington Realty Trust by 5.1% in the fourth quarter. Rhumbline Advisers now owns 378,029 shares of the real estate investment trust’s stock worth $3,024,000 after buying an additional 18,365 shares in the last quarter. California State Teachers Retirement System increased its position in Lexington Realty Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 380,789 shares of the real estate investment trust’s stock worth $3,046,000 after buying an additional 6,148 shares in the last quarter. Finally, Doheny Asset Management CA increased its position 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 worth $4,379,000 after buying an additional 6,700 shares in 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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