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Stock Investors Sell Off Shares of Lexington Realty Trust, Down 1.3%

Published on Fri, 01/11/2013 - 13:29
By Adrienne Chilton

Lexington Realty Trust (NYSE:LXP) is one of today's notable stocks in decline, down 1.3% to $10.51. The Dow is trading fractionally higher to 13,477 and the S&P is currently trading fractionally lower to 1,470.

Lexington Realty Trust has overhead space with shares priced $10.51, or 1.6% below the average consensus analyst price target of $10.68. The stock should find initial support at its 50-day moving average (MA) of $9.79 and further support at its 200-day MA of $9.20.

Lexington Realty Trust is a real estate investment trust that owns and manages office, industrial and retail properties net-leased to major corporations throughout the United States. The Company also provides investment advisory and asset management services to investors in the net lease area.

Lexington Realty Trust share prices have moved between a 52-week high of $10.87 and a 52-week low of $7.43 and are now trading 41% above that low price at $10.51 per share. The 200-day and 50-day moving averages have moved 0.37% higher and 1.08% higher over the past week, respectively.

By Adrienne Chilton