We Will Be Adding Lexington Realty Trust to the Model

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Consistant with our prior writings we will be adding a starter position of 200 shares of REIT Lexington Realty Trust (ticker:LXP) to the Blended Income Model Portfolio. LXP is currently trading at $8.37 with a current yield of 8.12%. LXP has a 52 week trading range of $7.77 to $11.75.

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LXP is a triple net lease operator with emphasis on office and industrial properties. The company easily covers their payout with their recent payout ratio at about 61%. Recently the company has announced a 10 million share repurchase program. LXP is a rock solid REIT, although unexciting with only very modest growth.

We believe our entry into LXP at this time (with a price much reduced from their 52 week high), should serve us well.

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Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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