Analyst Rating Update on Lexington Realty Trust (LXP)

Lexington Realty Trust (LXP) : The consensus on Lexington Realty Trust (LXP) based on 9 analyst recommendation on the company stock is 3.11, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Lexington Realty Trust (LXP).

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.

Company shares have received an average consensus rating of Hold for the current week


Lexington Realty Trust (NYSE:LXP): The stock opened at $10.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.50 for the day. The stock traded down to $10.30 during the day, due to lack of any buying support eventually closed down at $10.37 with a loss of -0.96% for the day. The stock had closed at $10.47 on the previous day. The total traded volume was 1,220,162 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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