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Lexington Realty Trust Message Board

  • eotruba eotruba Apr 4, 2006 9:35 PM Flag

    Just got in....

    I sold CLP a few weeks ago & stayed in cash until now. Sold at $51.25. I had toget into this baby and got in @20.31 not many shrs (3500) with a yld of 7.17%. When I got out of CLP yld was 5.30%. CLP is a great co but I had to take the profit(got in @ $37.00) and I believe LXP is just as good. I will buy more if LXP breaks 20.00. Where am I going wrong. I see this stock going to $24.00-$25.00 A stock price of $26.00 would give us a yld of 5.60% which is competitive with other similar REITs. REITs have all taken a hit over the last 10 trading days. They did the same thing a year ago and then proceded to go to new highs. New highs may not happen but I think REITs will head back up in the next 3-4 weeks. Has this stock ever paid a special divvy? Thanks for any info you folks are willing to share.

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