Lexington Realty Trust (LXP) Receives Price Target

Lexington Realty Trust (LXP) : 4 investment research analysts covering Lexington Realty Trust (LXP) have an average price target of $9.63 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $8 for the short term. Analysts expect the variance to be within $1.25 of the average price.

Lexington Realty Trust (LXP) : Zacks Investment Research ranks Lexington Realty Trust (LXP) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.13, which indicates as a Hold.


Also, In a research note released to the investors, Jefferies downgrades its rating on Lexington Realty Trust (NYSE:LXP).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 19, 2016.

Lexington Realty Trust (NYSE:LXP): The stock opened at $10.79 on Thursday but the bulls could not build on the opening and the stock topped out at $10.80 for the day. The stock traded down to $10.67 during the day, due to lack of any buying support eventually closed down at $10.73 with a loss of -0.56% for the day. The stock had closed at $10.79 on the previous day. The total traded volume was 815,133 shares.

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.

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