Barclays Reiterates an 'Equalweight' on Lexington Realty Trust (LXP); Growing Pipeline, But Waiting on Cash in 2013

Article Stock Quotes (1) Comments (0)

Barclays reiterates an 'Equalweight' on Lexington Realty Trust (NYSE: LXP) price target of $10.00.

Analyst, Ross L. Smotrich, said, "The near-term catalyst for LXP is continued capital recycling and development. Despite solid leasing during the quarter, rent spreads remain slightly negative and management does not expect an inflection until 2013. As such, we think that operating gains are further out."

Citing Q1, which beat estimates by $0.01, Smotrich, raises FY12 FFO estimates from $0.90 to $0.92. He also boosts FY13 from $0.87 to $0.94.

For an analyst ratings summary and ratings history on Lexington Realty Trust click here. For more ratings news on Lexington Realty Trust click here.

Shares of Lexington Realty Trust closed at $8.42 yesterday, with a 52 week range of $5.71-$9.70.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• Needham & Company Boosts Numbers on Infoblox (BLOX) on Strong Q3
• Wedbush Downgrades salesforce.com (CRM) to Neutral

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Barclays

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?