Rexford Industrial Realty (REXR) Gets a Buy from Wells Fargo

Wells Fargo analyst Blaine Heck maintained a Buy rating on Rexford Industrial Realty (REXR – Research Report) today and set a price target of $66.00. The company’s shares closed yesterday at $45.07.

According to TipRanks, Heck is an analyst with an average return of -2.1% and a 45.83% success rate. Heck covers the Real Estate sector, focusing on stocks such as Terreno Realty, Rexford Industrial Realty, and Cousins Properties.

Currently, the analyst consensus on Rexford Industrial Realty is a Moderate Buy with an average price target of $58.20, a 29.13% upside from current levels. In a report released on April 2, Scotiabank also maintained a Buy rating on the stock with a $55.00 price target.

REXR market cap is currently $10.47B and has a P/E ratio of 40.25.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.