Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Lexington Realty (NYSE:LXP) Trust on Monday, setting a price target of $12, which is approximately 2.74% above the present share price of $11.68.
Petersen expects Lexington Realty Trust to post earnings per share (EPS) of $0.07 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Lexington Realty, with an average price target of $11.75.
The analysts price targets range from a high of $12 to a low of $11.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $80.83 million and a net profit of $22.22 million. The company's market cap is $3.23 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 72.59% success rate.
Lexington Realty Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.