Lexington Realty Trust (NYSE:LXP)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock 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.

Several equities analysts recently issued reports on the company. Evercore ISI lowered Lexington Realty Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from $9.75 to $10.00 in a research report on Monday, June 13th. Wells Fargo & Co. restated a “hold” rating on shares of Lexington Realty Trust in a research note on Thursday, May 5th. Jefferies Group cut Lexington Realty Trust from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a research note on Tuesday, July 19th. Ladenburg Thalmann cut Lexington Realty Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, May 19th. Finally, Zacks Investment Research cut Lexington Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two research 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. The company presently has a consensus rating of “Hold” and an average target price of $10.00.

The stock has a 50 day moving average price of $10.18 and a 200 day moving average price of $8.80. The company has a market cap of $2.55 billion and a P/E ratio of 20.90.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The company had revenue of $111.60 million for the quarter, compared to the consensus estimate of $107.03 million. During the same quarter last year, the business earned $0.26 earnings per share. Lexington Realty Trust’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Lexington Realty Trust will post $1.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.26%.

In related news, CEO T Wilson Eglin sold 50,000 shares of the firm’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 transaction of $489,000.00. Following the completion of the sale, 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 at the SEC website. Also, CAO Beth Boulerice sold 7,400 shares of the firm’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 sale, 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 large investors have added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its stake 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 in the last quarter. 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 in the last quarter. Rhumbline Advisers boosted its stake 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 valued at $3,024,000 after buying an additional 18,365 shares in 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 in the last quarter. Finally, Boyer & Corporon Wealth Management LLC boosted its stake in 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 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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