Impact of Brokerage Rating on Lexington Realty Trust(LXP)

Many Lexington Realty Trust(LXP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Lexington Realty Trust was Downgraded by Barclays on Jan 23, 2017 to Underweight, Lowers Price Target to $ 10 from a previous price target of $11 .

Company has reported several Insider transactions to the SEC, on Dec 15, 2016, Joseph Bonventre (EVP, Gen Counsel & Secretary) sold 5,000 shares at 10.50 per share price.On Aug 24, 2016, T Wilson Eglin (CEO and President) sold 25,000 shares at 10.70 per share price.On Aug 24, 2016, E Robert Roskind (Chairman) sold 50,000 shares at 10.65 per share price.

Lexington Realty Trust Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.26. The company had revenue of $106.33 million for the quarter, compared to analysts expectations of $101.51 million. The companys revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Lexington Realty Trust (NYSE:LXP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.33 by 9 Brokerage Firm. 7 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Lexington Realty Trust (NYSE:LXP): According to 5 Analysts, The short term target price has been estimated at $ 10.05.The target price could deviate by a maximum of $0.72 from the forecast price. In the near term, the target price could hit a high of $11 and a low of $ 9.

Lexington Realty Trust (NYSE:LXP) witnessed a decline in the market cap on Tuesday as its shares dropped 0.72% or 0.08 points. After the session commenced at $11.09, the stock reached the higher end at $11.1 while it hit a low of $10.985. With the volume soaring to 1,289,738 shares, the last trade was called at $11.07. The company has a 52-week high of $11.25. The company has a market cap of $2,625 million and there are 237,091,560 shares in outstanding. The 52-week low of the share price is $6.78.

LEXINGTON CORP PROPERTIES INC is a real estate investment trust engaged in the ownership, operation, management of a diverse portfolio of real properties.


For any feedback and suggestions contact author at

Add Comment