Lexington Realty Trust (NYSE:LXP) : Zacks Investment Research ranks Lexington Realty Trust (NYSE:LXP) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 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 9 research analysts is 2.89, which indicates as a Hold.
Lexington Realty Trust (NYSE:LXP) stock is expected to deviate a maximum of $1.12 from the average target price of $9.5 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $8.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, downgrades their rating on the shares of Lexington Realty Trust (NYSE:LXP). Evercore ISI Group has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 13, 2016.
Lexington Realty Trust (NYSE:LXP): stock turned positive on Tuesday. Though the stock opened at $9.71, the bulls momentum made the stock top out at $9.78 level for the day. The stock recorded a low of $9.59 and closed the trading day at $9.67, in the green by 0.94%. The total traded volume for the day was 2,000,410. The stock had closed at $9.58 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Eglin T Wilson, director officer (CEO and President) of Lexington Realty Trust, had unloaded 50,000 shares at an average price of $9.78 in a transaction dated on June 10, 2016. The total value of the transaction was worth $489,000.
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.