Lexington Realty Trust (LXP): Richard J Rouse , Vice Chairman and CIO of Lexington Realty Trust sold 10,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $9.18 per share for a total value of $91,775.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Joseph Bonventre (EVP, Gen Counsel & Secretary) sold 13,979 shares at $9.26 per share price.On Dec 7, 2015, Richard J Rouse (Vice Chairman and CIO) sold 38,257 shares at $8.28 per share price.Also, On Jun 15, 2015, T Wilson Eglin (CEO) purchased 50,000 shares at $8.96 per share price.On Jun 15, 2015, E Robert Roskind (Chairman) sold 10,000 shares at $9.01 per share price.
Shares of Lexington Realty Trust (LXP) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.88% at $9 with 10,80,721 shares getting traded. Post opening the session at $8.93, the shares hit an intraday low of $8.85 and an intraday high of $9.04 and the price vacillated in this range throughout the day. The company has a market cap of $2,115 M and the number of outstanding shares has been calculated to be 23,50,20,700 shares. The 52-week high of Lexington Realty Trust is $9.54 and the 52-week low is $6.52.
Company has been under the radar of several Street Analysts.Lexington Realty Trust is Downgraded by Ladenburg Thalmann to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 19, 2016.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.