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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (62397)	8/22/2019 8:55:43 AM
From: E_K_S	Respond to of 78783

I started my position in LXP 9/4/2018 w/ a Buy at $8.83/share. I wanted a REIT w/ exposure in the warehouse sector. Was lucky to get shares on/after company decided to sell transition into that space and sell some of their office assets. It looks like the company will be selling the remaining of their office assets and will now be a 'pure' industrial REIT. Lexington Realty rises 3.8% after Stifel turns bull Aug. 8, 2019 2:02 PM ET\|About: Lexington Realty Trust (LXP)\|By: Liz Kiesche, SA News Editor Lexington Realty Trust (NYSE: LXP) jumps 3.8% after Stifel analyst John Guinee upgrades the stock to a buy from hold as the REIT accelerates efforts to sell remaining office assets to transform into a pure industrial REIT. Sees additional proceeds of $630M from asset sales over next three quarters. Boosts price target to $11 from $9.50. Before this action, Sell-Side average rating was Outperform (4 Buy, 3 Hold, 1 Underperform).