Commercial

LXP Now in the New York Stock Exchange

Lexington shares are being traded in the New York Stock Exchange. It now represents the symbol "LXP" according to the firms that cover the company.

Duff & Phelps acquired a brand new spot in the Digital Realty Trust shares with three analysts rating the company as a strong purchase with $2, 140M market cap and 110,744,317 shares. Its moving average price in a 50-day period is $17.78 and $17.56 for a 200-day average price record. Digital Realty Trust is a company that develops, sells, acquires, manages, and owns industrial real estate.

The trust was established in 2015. It is 100 percent net leased for a 20-year term to FCA US LLC, a world-renowned automaker. In the last quarter of 2014, the business recorded a $1.22 earnings to price ratio with an ex-dividend date of Dec. 11, 2015. This actually represented a $3.40 annualized dividend and 4.55 percent dividend yield. In the third quarter of 2015, the Federal Investment Trust revealed the 1.49 percent surprise factor as the company's actual annual earning is $1.36; a figure $0.02 away from the estimate of Zacks Consensus.

Deutsche Bank also decreased Vornado Realty Trust's target price to $106.00 from $107.00 in October 2015. They chose to set for a neutral rate and target price of $76. Finally, Digital Realty Trust was boosted by Robert W Baird to $79.00 from $74.00, and provided a neutral rating for the stock in the first week of January. The average rating of Digital Realty Trust now is "hold" with a $75.94 average price target.

Equity analysts weighed the company based on these milestones. In December 2012, the trust disposed seven properties that pushed the company to bid goodbye to its two geographical markets and two industrial assets.

Meanwhile, Heitman Real Estate LLC from Illinois revealed that it was able to buy stake that was worth 2.33 percent of the Physicians Realty Trust investor's' stock portfolio.

Stay tuned here in Realty Today, for more updates. Share your thoughts with us too, by leaving your comments below.


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