Lexington Realty Trust (NYSE:LXP): According to 5 Analysts, The short term target price has been estimated at $ 9.3.The target price could deviate by a maximum of $0.84 from the forecast price. In the near term, the target price could hit a high of $10 and a low of $ 8.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Ladenburg Thalmann downgrades the rating on Lexington Realty Trust (NYSE:LXP). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 19, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, Eglin T Wilson, director officer (CEO and President) of Lexington Realty Trust, unloaded 50,000 shares at an average price of $9.78 on June 10, 2016. The total amount of the transaction was worth $489,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Lexington Realty Trust (NYSE:LXP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.1 points or 1.02% at $9.66 with 1,440,793 shares getting traded. Post opening the session at $9.72, the shares hit an intraday low of $9.63 and an intraday high of $9.82 and the price was in this range throughout the day. The company has a market cap of $2,270 million and the number of outstanding shares have been calculated to be 235,020,700 shares. The 52-week high of Lexington Realty Trust (NYSE:LXP) is $9.9 and the 52-week low is $6.52.
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.