Lexington Realty Receives a Hold from Ladenburg

By Austin Angelo

Ladenburg analyst Daniel Donlan reiterated a Hold rating on Lexington Realty (NYSE: LXP) yesterday. The company’s shares closed yesterday at $9.39.

According to TipRanks.com, Donlan is a 1-star analyst with an average return of -4.1% and a 51.4% success rate. Donlan covers the Financial sector, focusing on stocks such as Innovative Industrial Properties Inc, NexPoint Residential Trust Inc, and National Retail Properties.

Lexington Realty has an analyst consensus of Hold, with a price target consensus of $11.

Based on Lexington Realty’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $95.5 million and quarterly net profit of $41.97 million. In comparison, last year the company earned revenue of $111 million and had a net profit of $49.68 million.

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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.