Empire State Realty Trust, Inc.is a real estate investment trust. The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The highest target from these analysts has the stock headed to 11. They noted that the move was a valuation call. Barclays PLC reissued a “hold” rating and set a $10.00 price objective on shares of Lexington Realty Trust in a research report on Tuesday, August 16th. They now have a Dollars 20 price target on the stock. A rating score of 1 would represent a Strong Buy. Ladenburg Thalmann downgraded shares of Lexington Realty Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, May 19th. Company shares were Reiterated by Compass Point on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $20.50.Company shares were Reiterated by Wunderlich on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $19.50.
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This story is the sole property of American Banking News and it was originally published by American Banking News. The stock had a trading volume of 1.1 M shares. The stock gained 3.25 percent the day following the earnings was released, and on 7th day price change was 4.68 percent. Revenue of 111.62M was above the $106.73M analysts had expected. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 49 consecutive years, the longest record in the REIT industry. During the same quarter in the previous year, the company posted $0.18 EPS. Earlier the firm had a rating of Mkt Outperform on the company shares. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.94 and so was the total money flow at $21.45 million. They now have a Dollars 18 price target on the stock. The most recent short interest data show 3.32% of the company’s stock are short sold. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. A trade or transaction occurs when the buyer and seller agree on a price for the security. The shares were sold at an average price of $30.22, for a total value of $166,210.00.
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Lexington Realty Trust (NYSE:LXP) last closed at $10.27, sending the company’s market cap around $2.43B. Vanguard Group Inc. raised its stake in Kite Realty Group Trust by 2.2% in the fourth quarter. It has topped earnings-per-share estimates 58.% of the time in its last 12 earnings reports. Now the company has earned “Buy” from 2 equity analysts. The Real Estate segment includes the Company’s activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. 11 analysts have suggested the company is a “Hold”.
