Ladenburg Releases a Hold Rating on Lexington Realty

By Austin Angelo

In a report issued on March 16, Daniel Donlan from Ladenburg reiterated a Hold rating on Lexington Realty (NYSE: LXP). The company’s shares closed last Friday at $10.27.

According to, Donlan is a 1-star analyst with an average return of -3.6% and a 50.0% success rate. Donlan covers the Financial sector, focusing on stocks such as Innovative Industrial Properties Inc, National Retail Properties, and Gladstone Commercial Corp.

Currently, the analyst consensus on Lexington Realty is Moderate Sell and the average price target is $10.50, representing a 2.2% upside.

In a report issued on March 13, Jefferies also reiterated a Hold rating on the stock with a $11 price target.

The company has a one year high of $11.42 and a one year low of $8.19. Currently, Lexington Realty has an average volume of 1.41M.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LXP in relation to earlier this year. Most recently, in June 2015, Robert Roskind, the Chairman of LXP sold 10,000 shares for a total of $90,000.

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, which invests, owns and manages commercial properties. The company engages is the acquisition, ownership and management of portfolios of single-tenanted office, industrial and retail properties. Substantially all of these properties are subject to triple net or similar leases, where the tenant bears all or substantially all of the costs and cost increases for real estate taxes, utilities, insurance and ordinary repairs. 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.