Lexington Realty Trust (NYSE:LXP) shares hit a new 52-week high during trading on Thursday . The company traded as high as $10.73 and last traded at $10.72, with a volume of 435,193 shares trading hands. The stock had previously closed at $10.64.

A number of research analysts have commented on LXP shares. Jefferies Group cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research report on Tuesday, July 19th. Ladenburg Thalmann cut shares of Lexington Realty Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, May 19th. Zacks Investment Research cut shares of Lexington Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Evercore ISI cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $9.75 to $10.00 in a research report on Monday, June 13th. Finally, Wells Fargo & Co. reiterated 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, four have given a hold rating and one has issued a buy rating to the stock. Lexington Realty Trust has an average rating of “Hold” and a consensus target price of $10.00.

The stock has a 50-day moving average of $10.13 and a 200 day moving average of $8.76. The stock has a market cap of $2.52 billion and a PE ratio of 20.60.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.68 dividend on an annualized basis and a yield of 6.35%.

In related news, CEO T Wilson Eglin sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $9.78, for a total value of $489,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Beth Boulerice sold 7,400 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 190,617 shares in the company, valued at $1,829,923.20. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of LXP. Victory Capital Management Inc. boosted its stake 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. boosted its stake 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 boosted its stake 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. California State Teachers Retirement System boosted its stake in shares of 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 period. Finally, Rhumbline Advisers boosted its stake 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.