Lexington Realty Trust (NYSE:LXP)‘s stock had its “hold” rating reaffirmed by research analysts at Ladenburg Thalmann Financial Services in a research note issued on Thursday.

LXP has been the topic of several other research reports. BidaskClub upgraded shares of Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 price objective on shares of Lexington Realty Trust in a research report on Friday, June 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research report on Thursday, July 6th. Finally, Evercore ISI upgraded shares of Lexington Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 price objective on the stock in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.60.

Lexington Realty Trust (LXP) traded up 0.10% during mid-day trading on Thursday, reaching $9.92. 155,257 shares of the company were exchanged. The stock has a 50 day moving average of $10.02 and a 200-day moving average of $10.19. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 73.48 and a beta of 0.96. Lexington Realty Trust has a one year low of $9.00 and a one year high of $11.42.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.01. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.41 million. Lexington Realty Trust had a net margin of 9.80% and a return on equity of 2.92%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. On average, equities analysts expect that Lexington Realty Trust will post $0.35 earnings per share for the current fiscal year.

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In related news, EVP Joseph Bonventre sold 135,298 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $10.13, for a total value of $1,370,568.74. Following the sale, the executive vice president now owns 360,709 shares in the company, valued at $3,653,982.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO T Wilson Eglin sold 24,170 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $9.81, for a total transaction of $237,107.70. Following the completion of the sale, the chief executive officer now owns 2,223,251 shares in the company, valued at approximately $21,810,092.31. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of large investors have recently made changes to their positions in LXP. Teachers Advisors LLC boosted its stake in shares of Lexington Realty Trust by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 383,869 shares of the real estate investment trust’s stock valued at $4,146,000 after buying an additional 15,305 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Lexington Realty Trust by 71.1% in the first quarter. Bank of Montreal Can now owns 14,077 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 5,849 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Lexington Realty Trust by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 88,100 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 2,300 shares in the last quarter. Boston Advisors LLC boosted its stake in shares of Lexington Realty Trust by 1.6% in the first quarter. Boston Advisors LLC now owns 623,490 shares of the real estate investment trust’s stock valued at $6,222,000 after buying an additional 9,550 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Lexington Realty Trust during the first quarter valued at $147,000. Institutional investors own 73.13% of the company’s stock.

About Lexington Realty Trust

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.

Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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