In a report released yesterday, Jonathan Petersen from Jefferies reiterated a Buy rating on Lexington Realty (LXP), with a price target of $11. The company’s shares opened today at $8.40.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.4% and a 71.3% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, First Industrial Realty Trust, and Office Properties Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lexington Realty with a $10 average price target.
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The company has a one-year high of $10.62 and a one-year low of $7.59. Currently, Lexington Realty has an average volume of 1.58M.
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Lexington Realty Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of 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 headquartered in New York, NY.
