E Robert Roskind Sells 70,000 Shares of Lexington Realty Trust (LXP) Stock
Lexington Realty Trust (NYSE:LXP) Chairman E Robert Roskind sold 70,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $9.54, for a total transaction of $667,800.00. Following the sale, the chairman now directly owns 792,435 shares in the company, valued at $7,559,829.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Lexington Realty Trust had a net margin of 24.89% and a return on equity of 7.95%. The business had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $94.72 million. During the same period last year, the firm earned $0.30 EPS. The company’s revenue was down 13.9% compared to the same quarter last year.
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Several research analysts have recently weighed in on LXP shares. Barclays PLC lowered shares of Lexington Realty Trust from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $11.00 to $10.00 in a report on Monday, January 23rd. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 2nd. Finally, Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a report on Monday, March 20th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.33.
A number of institutional investors have recently added to or reduced their stakes in LXP. Elkfork Partners LLC acquired a new position in Lexington Realty Trust during the fourth quarter valued at $106,000. Acrospire Investment Management LLC boosted its stake in shares of Lexington Realty Trust by 117.5% in the third quarter. Acrospire Investment Management LLC now owns 11,092 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,992 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Lexington Realty Trust during the first quarter valued at approximately $131,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Lexington Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,524 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 737 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Lexington Realty Trust by 1.8% in the first quarter. World Asset Management Inc now owns 13,870 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 249 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
Lexington Realty Trust Company Profile
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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