Evercore ISI Group Downgrades Lexington Realty Trust to Hold

Brokerage firm Evercore ISI Group Downgrades its rating on Lexington Realty Trust(NYSE:LXP). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Evercore ISI Group was issued on Jun 13, 2016.

In a different note, On May 19, 2016, Ladenburg Thalmann said it Downgrades its rating on Lexington Realty Trust. The shares have been rated ‘Neutral’ by the firm. On Mar 29, 2016, Bank of America said it Downgrades its rating on Lexington Realty Trust. The shares have been rated ‘Underperform’ by the firm.

Lexington Realty Trust (LXP) remained unchanged at the close of Friday session. Even as the volume increased to 20,21,777 ,the shares failed to make any impression and ended at 0 points or 0.00% at $9.74. The trading session commenced at $9.77 and the stock hit a high of $9.79 and touched $9.66 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $9.9 and the 52-week low is $6.52. The company has a market cap of $2,289 M and has approximately 23,50,20,700 outstanding shares.

Lexington Realty Trust(LXP) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $111.62M. Analysts had an estimated revenue of $107.03M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, T Wilson Eglin (CEO and President) sold 50,000 shares at $9.78 per share price.Also, On Jun 6, 2016, Beth Boulerice (EVP, Chief Accounting Officer) sold 7,400 shares at $9.60 per share price.On May 18, 2016, Richard J Rouse (Vice Chairman and CIO) sold 10,000 shares at $9.18 per share price, according to the Form-4 filing with the securities and exchange commission.

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. It also provides investment advisory and asset management services to investors in the single-tenant area. The Company has equity ownership interests in approximately 215 consolidated real estate properties located in 40 states and containing an aggregate of approximately 39.9 million square feet of space approximately 96.4% of which was leased. It conducts its operations through property owner subsidiaries and lender subsidiaries; an operating partnership Lepercq Corporate Income Fund L.P. in which the Company is the sole unit holder of the general partner and the sole unit holder of the limited partner that holds a majority of the limited partner interests; Lexington Realty Advisors Inc. a subsidiary of the Company and investments in joint ventures.

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