On a relative basis, the stock has outperformed the S&P 500 by 3.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.29% in the last 1 week, and is up 4.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 18.54% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $10.28 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.72 and the 200 Day Moving Average price is recorded at $8.53.
The stock has recorded a 20-day Moving Average of 5% and the 50-Day Moving Average is 9.36%.
Lexington Realty Trust (NYSE:LXP): stock turned positive on Friday. Though the stock opened at $10.02, the bulls momentum made the stock top out at $10.24 level for the day. The stock recorded a low of $10.01 and closed the trading day at $10.23, in the green by 2.40%. The total traded volume for the day was 1,139,546. The stock had closed at $9.99 in the previous days trading.
In an insider trading activity,The director officer (CEO and President) of Lexington Realty Trust, Eglin T Wilson sold 50,000 shares at $9.78 on June 10, 2016. The Insider selling transaction had a total value worth of $489,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.