Lexington Realty Trust Chairman Richard J. Rouse Sells 46,817 Shares (LXP)
Lexington Realty Trust (NYSE:LXP) Chairman Richard J. Rouse unloaded 46,817 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $10.94, for a total value of $512,177.98. Following the transaction, the chairman now directly owns 510,018 shares in the company, valued at approximately $5,579,597. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on LXP. Analysts at Ladenburg Thalmann downgraded shares of Lexington Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $12.50 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Lexington Realty Trust from $13.00 to $14.00 in a research note on Tuesday, July 22nd.
Shares of Lexington Realty Trust (NYSE:LXP) traded up 0.82% on Thursday, hitting $11.02. 1,531,469 shares of the company’s stock traded hands. Lexington Realty Trust has a 52-week low of $9.94 and a 52-week high of $12.05. The stock’s 50-day moving average is $10.97 and its 200-day moving average is $11.0. The company has a market cap of $2.549 billion and a price-to-earnings ratio of 475.22.
Lexington Realty Trust (NYSE:LXP) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company had revenue of $109.75 million for the quarter, compared to the consensus estimate of $113.10 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that Lexington Realty Trust will post $1.09 EPS for the current fiscal year.
Lexington Realty Trust (NYSE:LXP) is a self-managed and self-administered real estate investment trust (REIT).
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