Lexington Realty Trust (LXP) is Downgraded by Jefferies to Hold

Lexington Realty Trust (LXP) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 19, 2016.

Many Wall Street Analysts have commented on Lexington Realty Trust. Lexington Realty Trust was Downgraded by Ladenburg Thalmann to ” Neutral” on May 19, 2016.

On the company’s financial health, Lexington Realty Trust reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.27. The company had revenue of $111.60 million for the quarter, compared to analysts expectations of $108.07 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Lexington Realty Trust closed down -0.01 points or -0.10% at $10.5 with 10,64,977 shares getting traded on Monday. Post opening the session at $10.52, the shares hit an intraday low of $10.47 and an intraday high of $10.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Lexington Realty Trust

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