Lexington Realty Trust (LXP) Cut to “Hold” at ValuEngine
Lexington Realty Trust (NYSE:LXP) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Lexington Realty Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, October 26th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Lexington Realty Trust in a report on Tuesday, November 28th. Jefferies Group restated a “hold” rating and set a $11.00 price target on shares of Lexington Realty Trust in a report on Tuesday, October 24th. Finally, Evercore ISI downgraded shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Lexington Realty Trust currently has an average rating of “Hold” and an average target price of $10.95.
Shares of Lexington Realty Trust (LXP) opened at $8.64 on Friday. Lexington Realty Trust has a 12-month low of $8.57 and a 12-month high of $11.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $2,079.16, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85.
A number of large investors have recently bought and sold shares of LXP. Adviser Investments LLC acquired a new position in Lexington Realty Trust in the 3rd quarter valued at $109,000. Ingalls & Snyder LLC acquired a new position in Lexington Realty Trust in the 3rd quarter valued at $140,000. Cipher Capital LP acquired a new position in Lexington Realty Trust in the 3rd quarter valued at $155,000. M&T Bank Corp grew its stake in Lexington Realty Trust by 37.7% in the 2nd quarter. M&T Bank Corp now owns 18,251 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 4,994 shares during the last quarter. Finally, Capital Bank & Trust Co acquired a new position in Lexington Realty Trust in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 73.92% of the company’s stock.
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About Lexington Realty Trust
Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.
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