Lexington Realty Trust (LXP) Given Consensus Rating of “Hold” by Brokerages
Lexington Realty Trust (NYSE:LXP) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.58.
Several research firms have recently weighed in on LXP. ValuEngine cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Jefferies Group reiterated a “hold” rating and set a $11.00 price objective on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. Finally, Evercore ISI cut shares of Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th.
Lexington Realty Trust (NYSE LXP) traded down $0.26 on Tuesday, hitting $8.12. 1,008,395 shares of the stock traded hands, compared to its average volume of 1,105,612. Lexington Realty Trust has a 52 week low of $7.98 and a 52 week high of $11.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $2,016.59, a PE ratio of 30.07, a PEG ratio of 2.08 and a beta of 0.85.
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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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