Barclays Reiterates an 'Equalweight' on Lexington Realty Trust (LXP); Growing Pipeline, But Waiting on Cash in 2013
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Price: $12.83 -3.1%
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
4 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade LXP Now!
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.
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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.
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