Lexington Realty Trust (LXP) : Traders are bullish on Lexington Realty Trust (LXP) as it has outperformed the S&P 500 by a wide margin of 1.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.84% in the last 1 week, and is up 3.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.19% and the 50-Day Moving Average is 6.87%. Lexington Realty Trust (NYSE:LXP): stock turned positive on Friday. Though the stock opened at $10.74, the bulls momentum made the stock top out at $10.92 level for the day. The stock recorded a low of $10.73 and closed the trading day at $10.83, in the green by 1.03%. The total traded volume for the day was 941,024. The stock had closed at $10.72 in the previous days trading.
The company Insiders own 3.3% of Lexington Realty Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.26% . Institutional Investors own 71.86% of Lexington Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -1.64%. Also, Jefferies downgrades their rating on the shares of Lexington Realty Trust (NYSE:LXP). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 19, 2016.
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.