Lexington Realty Trust (NYSE:LXP) was downgraded by research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
In other Lexington Realty Trust news, CAO Beth Boulerice sold 7,400 shares of Lexington Realty Trust stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $9.60, for a total transaction of $71,040.00. Following the completion of the transaction, the chief accounting officer now owns 190,617 shares of the company’s stock, valued at approximately $1,829,923.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO T Wilson Eglin sold 50,000 shares of Lexington Realty Trust stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the transaction, the chief executive officer now directly owns 2,155,854 shares of the company’s stock, valued at approximately $21,084,252.12. The disclosure for this sale can be found here.
Source: Community Financial News