Lexington Realty Trust (NYSE:LXP) upgraded by Zacks Investment Research to “Hold”

Lexington Realty Trust (NYSE:LXP – Get Appraisal) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note released Friday to investors, Zacks.com reports.

According to Zacks, “LXP Industrial Trust is a real estate investment trust. It focused on single-tenant industrial real estate investments. LXP Industrial Trust, formerly known as Lexington Realty Trust, is based in NEW YORK.”

A number of other analysts have also recently commented on LXP. KeyCorp raised its price target on Lexington Realty Trust from $16.00 to $17.00 and gave the company an “overweight” rating in a Friday, November 19 research report. Evercore ISI upgraded Lexington Realty Trust from an “outperform” rating to an “in-line” rating and raised its price target for the stock from $15.00 to $16.00 in a research report from the Thursday, November 18.

NYSE: LXP was down $0.07 during Friday trading hours, hitting $15.40. The company had a trading volume of 1,301,441 shares, compared to an average volume of 2,624,247 shares. Lexington Realty Trust has a 1-year minimum of $10.77 and a 1-year maximum of $15.94. The company has a market capitalization of $4.36 billion, a PE ratio of 11.67, a growth price-earnings ratio of 14.19 and a beta of 0.64. The company’s 50-day moving average price is $14.92 and its 200-day moving average price is $14.59. The company has a debt ratio of 0.19, a current ratio of 0.22 and a quick ratio of 0.22.

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A number of institutional investors and hedge funds have recently bought and sold shares of LXP. CWM LLC acquired a new position in Lexington Realty Trust during Q4 worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in Lexington Realty Trust during Q4 for approximately $27,000. HHM Wealth Advisors LLC increased its stake in Lexington Realty Trust by 47.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 2,060 shares of the real estate investment trust worth $32,000 after purchasing an additional 660 shares during the period. USA Financial Portformulas Corp acquired a new stake in Lexington Realty Trust during the 4th quarter for a value of approximately $36,000. Finally, Covestor Ltd acquired a new stake in Lexington Realty Trust during the 4th quarter for a value of approximately $43,000. 99.83% of the shares are currently held by hedge funds and other institutional investors.

Company Profile Lexington Realty Trust (Get an assessment)

Lexington Realty Trust is a real estate investment trust engaged in financing, acquiring and owning a portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is based in New York, NY.

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