Lexington Realty Trust(NYSE:LXP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $109.58M. Analysts estimated a revenue of $103.96M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.28.
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. On Jun 13, 2016, Evercore ISI Group said it Downgrades its rating on Lexington Realty Trust. The shares have been rated ‘Hold’ by the firm. On May 19, 2016, Ladenburg Thalmann said it Downgrades its rating on Lexington Realty Trust. The shares have been rated ‘Neutral’ by the firm.
Lexington Realty Trust (LXP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.56% or 0.06 points. Due to strong positive momentum, the stock ended at $10.74, which is also near the day’s high of $10.74. The stock began the session at $10.69 and the volume stood at 9,83,475 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 $2,545 M and it has 23,69,76,820 shares in outstanding.
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.