Lexington Realty Trust (NYSE:LXP)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.70 and last traded at $10.69, with a volume of 334,456 shares trading hands. The stock had previously closed at $10.58.

Several equities analysts have recently issued reports on LXP shares. Ladenburg Thalmann lowered shares of Lexington Realty Trust from a “buy” rating to a “neutral” rating in a report on Thursday, May 19th. Bank of America Corp. lowered shares of Lexington Realty Trust from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th. Wells Fargo & Co. reissued a “hold” rating on shares of Lexington Realty Trust in a report on Thursday, May 5th. Jefferies Group lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a report on Tuesday. Finally, Evercore ISI lowered shares of Lexington Realty Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from $9.75 to $10.00 in a report on Monday, June 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Lexington Realty Trust has a consensus rating of “Hold” and an average target price of $10.00.

The company’s 50 day moving average is $10.01 and its 200-day moving average is $8.68. The company has a market cap of $2.51 billion and a price-to-earnings ratio of 20.529.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $111.60 million for the quarter, compared to the consensus estimate of $107.03 million. During the same period in the previous year, the business posted $0.26 EPS. Lexington Realty Trust’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Lexington Realty Trust will post $1.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.43%. The ex-dividend date was Tuesday, June 28th.

In other news, CEO T Wilson Eglin sold 50,000 shares of the firm’s stock in a transaction 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 owns 2,155,854 shares of the company’s stock, valued at $21,084,252.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Beth Boulerice sold 7,400 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $9.60, for a total transaction of $71,040.00. Following the transaction, the chief accounting officer now directly owns 190,617 shares of the company’s stock, valued at approximately $1,829,923.20. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position 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. 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 valued at $3,046,000 after buying an additional 6,148 shares during 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 valued at $2,282,000 after buying an additional 258,399 shares during the last quarter. California Public Employees Retirement System increased its position 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. Finally, 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 valued at $1,396,000 after buying an additional 1,843 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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