Lexington Realty Trust(NYSE:LXP) Declares Dividend of $0.1750.

Lexington Realty Trust (NYSE:LXP) had declared a cash dividend of $0.1750 on Sep 16, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 16, 2016 share price, the yield comes out to be 6.9860%. The dividend payable date has been fixed on Oct 17, 2016.

In a different note, On Jul 19, 2016, Jefferies said it Downgrades its rating on Lexington Realty Trust. The shares have been rated ‘Hold’ by the firm.

Lexington Realty Trust (LXP) made into the market gainers list on Thursdays trading session with the shares advancing 1.81% or 0.19 points. Due to strong positive momentum, the stock ended at $10.66, which is also near the day’s high of $10.715. The stock began the session at $10.59 and the volume stood at 16,20,760 shares. The 52-week high of the shares is $11.02 and the 52 week low is $6.52. The company has a current market capitalization of $2,526 M and it has 23,69,76,820 shares in outstanding.

Lexington Realty Trust(LXP) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $109.58M. Analysts had an estimated revenue of $103.96M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, T Wilson Eglin (CEO and President) sold 25,000 shares at $10.70 per share price.Also, On Aug 24, 2016, E Robert Roskind (Chairman) sold 50,000 shares at $10.65 per share price.On Aug 16, 2016, Richard J Rouse (Vice Chairman and CIO) sold 25,000 shares at $10.70 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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