Lexington Realty Trust (LXP) : 1 brokerage houses believe that Lexington Realty Trust (LXP) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Lexington Realty Trust (LXP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.89.
Lexington Realty Trust (LXP) : 5 Wall Street analysts covering Lexington Realty Trust (LXP) believe that the average level the stock could reach for the short term is $9.5. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.12.
Lexington Realty Trust (NYSE:LXP): The stock opened at $10.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.16 for the day. The stock traded down to $10.02 during the day, due to lack of any buying support eventually closed down at $10.05 with a loss of -0.89% for the day. The stock had closed at $10.14 on the previous day. The total traded volume was 1,267,517 shares.
Also, In the latest statement by the brokerage house, Evercore ISI Group downgrades its outlook on Lexington Realty Trust (NYSE:LXP). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 13, 2016. The company shares have rallied 17.91% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $10.28 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.63 and the 200 Day Moving Average price is recorded at $8.49.
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.