Lexington Realty Trust (LXP) has risen sharply, recording gains of 1.96% in the past 4 weeks. However, the stock has corrected -4.05% in the past 1 week, providing a good buying opportunity on dips. Lexington Realty Trust (LXP) : During the past 4 weeks, traders have been relatively bearish on Lexington Realty Trust (LXP), hence the stock is down -0.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.46% relative to the S&P 500.
Lexington Realty Trust (NYSE:LXP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.40 and $10.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.43, notching a gain of 0.68% for the day. The total traded volume was 736,247 . The stock had closed at $10.36 on the previous day.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 4.35%. Lexington Realty Trust is up 16.14% in the last 3-month period. Year-to-Date the stock performance stands at 35.37%.
Lexington Realty Trust (LXP) : Currently there are 5 street experts covering Lexington Realty Trust (LXP) stock. The most bullish and bearish price target for the stock is $11 and $8 respectively for the short term. The average price target of all the analysts comes to $9.5. The estimated standard deviation from the target is $1.12.
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.