In a report released on February 16, James Feldman from Wells Fargo maintained a Buy rating on Rexford Industrial Realty (REXR – Research Report), with a price target of $66.00. The company’s shares closed last Friday at $53.07.
Feldman covers the Real Estate sector, focusing on stocks such as Equity Lifestyle, AvalonBay, and Sun Communities. According to TipRanks, Feldman has an average return of 0.1% and a 55.93% success rate on recommended stocks.
In addition to Wells Fargo, Rexford Industrial Realty also received a Buy from Truist Financial’s Anthony Hau in a report issued on February 15. However, on February 12, J.P. Morgan maintained a Hold rating on Rexford Industrial Realty (NYSE: REXR).
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REXR market cap is currently $11.41B and has a P/E ratio of 47.39.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REXR in relation to earlier this year.
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Rexford Industrial Realty (REXR) Company Description:
Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013 and is headquartered in Los Angeles, CA.
Read More on REXR:
- Rexford Industrial Realty, Inc. Is Worried About This – Should You Be Worried Too?
- Rexford Industrial downgraded to Neutral from Overweight at JPMorgan
- Rexford Industrial Realty Releases Quarterly Earnings Data
- Rexford Industrial sees FY24 Core FFO $2.27-$2.30, consensus $2.48
- Rexford Industrial reports Q4 Core FFO 56c, consensus 56c
