Lexington Realty Trust (LXP) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.27. The company posted revenue of $109.60 million in the period, compared to analysts expectations of $104.45 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Lexington Realty Trust. Lexington Realty Trust was Downgraded by Jefferies to ” Hold” on Jul 19, 2016. Lexington Realty Trust was Downgraded by Ladenburg Thalmann to ” Neutral” on May 19, 2016.
Lexington Realty Trust opened for trading at $10.47 and hit $10.53 on the upside on Monday, eventually ending the session at $10.46, with a gain of 0.29% or 0.03 points. The heightened volatility saw the trading volume jump to 7,64,110 shares. Company has a market cap of $2,458 M.
In a different news, on Jun 10, 2016, T Wilson Eglin (CEO and President) sold 50,000 shares at $9.78 per share price. According to the SEC, 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.