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 2.89 by 9 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Evercore ISI Group downgrades its rating on Lexington Realty Trust (NYSE:LXP). Analysts at the Evercore ISI Group have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 13, 2016.
Lexington Realty Trust (NYSE:LXP) should head towards $9.5 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $8 per share. The higher price estimate target is at $11 according to the Analysts.
Lexington Realty Trust (NYSE:LXP) rose 0.1% or 0.01 points on Tuesday and made its way into the gainers of the day. After trading began at $9.87 the stock was seen hitting $9.9 as a peak level and $9.8 as the lowest level. The stock ended up at $9.85. The daily volume was measured at 1,021,966 shares. The 52-week high of the share price is $9.96 and the 52-week low is $6.52. The company has a market cap of $2,315 million.
Shares of Lexington Realty Trust rose by 2.71% in the last five trading days and 8.12% for the last 4 weeks. Lexington Realty Trust is up 17.13% in the last 3-month period. Year-to-Date the stock performance stands at 25.62%.
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.