KeyBanc Starts Lexington Realty Trust (LXP) at Hold

March 25, 2013 7:20 AM EDT Send to a Friend
Get Alerts LXP Hot Sheet
Price: $10.83 +1.12%

Rating Summary:
    3 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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KeyBanc initiates coverage on triple-net REIT Lexington Realty Trust (NYSE: LXP) with a Hold.

The firm comments, "LXP appears well positioned to benefit from two primary tailwinds: 1) an attractive investment environment for net leased assets; and 2) the opportunity to refinance higher interest rate debt... Furthermore, the recent M&A activity between public and non-traded REITs in the triplenet space has provided attractive prints and has increased the attention to the space. The earnings tailwinds and the increased deal activity have seemingly contributed to LXP's year-to-date outperformance vs. both the triple-net REITs and the broader REIT sector."

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 $11.85 yesterday.

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