Keefe, Bruyette & Woods Reports on Lexington Realty

Keefe, Bruyette & Woods commented on Lexington Realty LXP in a report released earlier today. In the report, Keefe was positive in its assessment of the company. Keefe writes, "LXP announced Thursday afternoon that it has signed a law firm for up to 120-k square feet at 100 Light Street in Baltimore, increasing the building's occupancy from 76% to 95% leased. We would expect this last lease will now mean the unencumbered, multi-tenant property will be targeted for sale" Keefe currently has an Outperform rating on Lexington Realty and a price target of $11. Shares of Lexington Realty closed at $9.40 yesterday, down $0.04 from the opening bell.