Lexington Realty Trust (LXP) Shares are Up 1.52%

Lexington Realty Trust (LXP) : Traders are bullish on Lexington Realty Trust (LXP) as it has outperformed the S&P 500 by a margin of 2.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.52% in the last 1 week, and is up 9.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Lexington Realty Trust (NYSE:LXP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.56 and $10.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.67, notching a gain of 0.85% for the day. The total traded volume was 1,067,176 . The stock had closed at $10.58 on the previous day.


The stock has recorded a 20-day Moving Average of 4.68% and the 50-Day Moving Average is 10.16%. Lexington Realty Trust is up 24.53% in the last 3-month period. Year-to-Date the stock performance stands at 38.49%.

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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