Lexington Realty Trust (LXP): Today's Featured Real Estate Loser
Lexington Realty (LXP) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day up 1.1%. By the end of trading, Lexington Realty fell 9 cents (-1.1%) to $8.30 on heavy volume. Throughout the day, 2.9 million shares of Lexington Realty exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $8.26-$8.45 after having opened the day at $8.45 as compared to the previous trading day's close of $8.39. Other company's within the Real Estate industry that declined today were: American Realty Investors (ARL), down 4.8%, SYSWIN (SYSW), down 4.5%, Amrep Corporation (AXR), down 4.4%, and Vestin Realty Mortgage II (VRTB), down 4.2%. Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. Lexington Realty has a market cap of $1.31 billion and is part of the financial sector. Shares are up 12% year to date as of the close of trading on Friday. Currently there are five analysts that rate Lexington Realty a buy, no analysts rate it a sell, and two rate it a hold. TheStreet Ratings rates Lexington Realty as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself.
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