This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Plum Creek: REIT Broker Action


Lexington Realty Trust

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Lexington Realty Trust (LXP)

Company Profile : New York City-based Lexington Realty Trust is a self-managed and self-administered Maryland statutory real estate investment trust which acquires, owns, and manages a diversified portfolio of net leased office, industrial and retail properties.

Lexington Realty Trust was upgraded to overweight from neutral by Paolone, who set a $10 price target on LXP shares.

Paolone upgraded the stock based on his view that "management has made progress with its balance sheet (debt maturities are essentially a non-issue at this point), the company's portfolio has performed well, and we believe the company could see an outsized dividend increase in 2011 -- on top of what is already an above-average dividend from both a yield (5.8%) and payout ratio (about 50%) perspective."

He added that "we think the potential sale of its Inland joint venture assets could provide significant cash to reinvest in the business, and also the sale of non-core assets should improve portfolio quality. Also important is the simple fact that the stock appears cheap."

Lexington Realty was recently listed on TheStreet's list of 10 Top Buy-Rated Real Estate Stocks for 2011 .

Analysts from Keefe, Bruyette & Woods tapped the stock, along with Alexandria Real Estate (ARE), as REITs poised to benefit as restrictive lending for new construction and little new supply help the office and industrial REIT subsector rebound at a relatively quicker pace.

Last fall Lexington Realty increased its dividend by 15% to 11.5 cents per share . The higher dividend was paid today to holders of record on Dec. 31, bringing LXP's yield to around 5.7%.

6 of 19

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs