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Evercore ISI upgraded Lexington Realty Trust (NYSE:LXP) to Outperform in a report released today.

Evercore ISI has upgraded Lexington Realty Trust (NYSE:LXP) to Outperform in a report released on 5/25/2017.

Yesterday Lexington Realty Trust (NYSE:LXP) traded -0.95% lower at $9.64. The company’s 50-day moving average is $10.03 and its 200-day moving average is $10.01. The last stock close price is down 3.75% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 741,229 shares of the stock were exchanged, down from an average trading volume of 836,426

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Lexington Realty Trust (NYSE:LXP)

Lexington Realty Trust has a 52 week low of $9.00 and a 52 week high of $11.42 with a P/E ratio of 76.96 The company’s market cap is currently $0.

In addition to Evercore ISI reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $9.33 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Lexington Realty Trust (NYSE:LXP)

Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased. The Company conducts its operations either directly or indirectly through property owner subsidiaries and lender subsidiaries, which are single purpose entities; an operating partnership, Lepercq Corporate Income Fund L.P. (LCIF), in which the Company is the sole unit holder of the general partner and the sole unit holder of the limited partner that holds a majority of the limited partner interests; Lexington Realty Advisors, Inc. (LRA), a subsidiary of the Company, and investments in joint ventures.

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