Lexington Realty Trust (NYSE:LXP) has tumbled 0.2% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.92% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.99% and the outperformance has advanced to 5.94% for the last 4 weeks period.
Lexington Realty Trust (NYSE:LXP): The stock was completely flat for the day, closing at $9.74 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $9.77, the stock touched an intraday high of $9.79 and a low of $9.66. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.74. The total trading volume on Friday was 2,021,777.
The company shares have rallied 4.39% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $9.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.36 and the 200 Day Moving Average price is recorded at $8.35.
On the companys insider trading activities, The director officer (CEO and President), of Lexington Realty Trust, Eglin T Wilson had unloaded 50,000 shares at $9.78 per share in a transaction on June 10, 2016. The total value of transaction was $489,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Evercore ISI Group downgrades its rating on Lexington Realty Trust (NYSE:LXP). Analysts at the Evercore ISI Group have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 3.3% of Lexington Realty Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.45% . Institutional Investors own 71.74% of Lexington Realty Trust shares. During last six month period, the net percent change held by insiders has seen a change of -2.45%.
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.