Lexington Realty traded at $57.82 this Thursday July 16th, increasing $1.77 or 3.16 percent since the previous trading session. Looking back, over the last four weeks, Lexington Realty gained 10.32 percent. Over the last 12 months, its price rose by 39.33 percent. Looking ahead, we forecast Lexington Realty to be priced at 53.90 by the end of this quarter and at 50.59 in one year, according to Trading Economics global macro models projections and analysts expectations.
Lexington Realty Trust, is a real estate investment trust (REIT). The Company owns a portfolio of equity investments focused on single-tenant industrial properties. The Company conducts its operations indirectly through property owner subsidiaries, which are single purpose entities, a wholly owned TRS, Lexington Realty Advisors, Inc. (LRA), and joint ventures. The properties, in which the Company has an interest are primarily net leased to tenants in various industries. The Company has equity ownership interests in approximately 135 consolidated real estate properties, located in 28 states and containing an aggregate of approximately 56.1 million square feet of space, approximately 98.3% of which is leased.