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Stock impact report

This 8.5%-Yielding REIT Could Get Bought Out - 30% Upside [Seeking Alpha]

LXP Industrial Trust (Maryland REIT) (LXP) 
Last lxp industrial trust (maryland reit) earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lxp.com
Company Research Source: Seeking Alpha
Summary Lexington Realty Trust ( LXP ) is a diversified REIT in transition to becoming an industrial REIT. The shares recently traded at $8.40 and pay an 8.5% dividend yield. Despite a massive portfolio repositioning towards industrial assets, the company continues to trade at a valuation multiple that is over 2x smaller than the industrial peer group. If the share price remains this low, we suspect that Lexington may become a buyout target, possibly leading to sizable near-term upside. source Background to The Thesis Throughout 2017, we were very vocal on an undervalued REIT named Gramercy Property Trust ( GPT ). We wrote numerous articles outlining its investment thesis; here is an example: 6% Yield and 30% Upside At Gramercy Property Trust It is an interesting case to study here when considering an investment in Lexington because Gramercy used to be in the exact same situation. Similarly, to Lexington, Gramercy underwent a major portf Show less Read more
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