Lexington Realty Trust (NYSE:LXP) shares reached a new 52-week high during 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 research analysts recently commented on LXP shares. Bank of America Corp. downgraded Lexington Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 29th. Wells Fargo & Co. reissued a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, May 5th. Ladenburg Thalmann downgraded Lexington Realty Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, May 19th. Evercore ISI downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating and increased their price objective for the company from $9.75 to $10.00 in a research note on Monday, June 13th. Finally, Jefferies Group downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research note on Tuesday, July 19th. Two investment 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. Lexington Realty Trust has an average rating of “Hold” and a consensus target price of $10.00.

The company has a market capitalization of $2.51 billion and a P/E ratio of 20.52. The stock’s 50 day moving average is $10.04 and its 200 day moving average is $8.70.

Lexington Realty Trust (NYSE:LXP) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. During the same quarter last year, the business posted $0.26 earnings per share. The company earned $111.60 million during the quarter, compared to analysts’ expectations of $107.03 million. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Lexington Realty Trust will post $1.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 6.37%.

In other Lexington Realty Trust news, 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 value of $71,040.00. Following the transaction, the chief accounting officer now directly owns 190,617 shares in the company, valued at approximately $1,829,923.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Richard J. Rouse sold 10,000 shares of Lexington Realty Trust stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $9.18, for a total value of $91,800.00. Following the completion of the transaction, the insider now owns 600,148 shares in the company, valued at $5,509,358.64. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Boyer & Corporon Wealth Management LLC increased its position in shares of Lexington Realty Trust by 47.0% in the fourth quarter. Boyer & Corporon Wealth Management LLC now owns 216,927 shares of the real estate investment trust’s stock valued at $1,736,000 after buying an additional 69,352 shares during the period. Victory Capital Management Inc. increased its position in shares of 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 period. Principal Financial Group Inc. increased its position in shares of 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 period. California Public Employees Retirement System increased its position in shares of 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 period. Finally, Rhumbline Advisers increased its position in shares of 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 valued at $3,024,000 after buying an additional 18,365 shares during the period.

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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