Jefferies Keeps Their Hold Rating on Lexington Realty

By Carrie Williams

Jefferies analyst Jonathan Petersen reiterated a Hold rating on Lexington Realty (NYSE: LXP) today and set a price target of $11. The company’s shares opened today at $10.04.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 13.4% and a 78.4% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.

Lexington Realty has an analyst consensus of Moderate Buy, with a price target consensus of $10.58.

The company has a one year high of $11.42 and a one year low of $9. Currently, Lexington Realty has an average volume of 1.24M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joseph Bonventre, the EVP, Gen Counsel & Secretary of LXP sold 135,298 shares for a total of $1,370,771.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lexington Realty Trust is a real estate investment trust. It owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. The company engages is the acquisition, ownership and management of portfolios of single-tenanted office, industrial and retail properties. Its assets consist of general purpose, efficient, single-tenant net-leased office and industrial assets, in well-located and growing markets. The company also provides investment advisory and asset management services to investors in the net lease area. Lexington Realty Trust was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.,06MRPG-E