Lexington Realty Trust (LXP): Joseph Bonventre , EVP, Gen Counsel & Secretary of Lexington Realty Trust sold 13,979 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $9.26 per share for a total value of $129,445.54 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 7, 2015, Richard J Rouse (Vice Chairman and CIO) sold 38,257 shares at $8.28 per share price.On Jun 15, 2015, T Wilson Eglin (CEO) purchased 50,000 shares at $8.96 per share price.Also, On Jun 15, 2015, E Robert Roskind (Chairman) sold 10,000 shares at $9.01 per share price.On Jun 12, 2015, Patrick Carroll (CFO) purchased 25,000 shares at $8.97 per share price.
Lexington Realty Trust: On Tuesday, May 10, 2016 heightened volatility was witnessed in Lexington Realty Trust which led to swings in the share price. The shares opened for trading at $9.28 and hit $9.31 on the upside , eventually ending the session at $9.31, with a gain of 0.87% or 0.08 points. The heightened volatility saw the trading volume jump to 10,04,740 shares. The 52-week high of the share price is $9.48 and the company has a market cap of $2,188 M . The 52-week low of the share price is at $6.52.
Company has been under the radar of several Street Analysts.Lexington Realty Trust is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 29, 2016.
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.