Barclays Sticks to Their Sell Rating for Rexford Industrial Realty (REXR)

In a report released today, Brendan Lynch from Barclays maintained a Sell rating on Rexford Industrial Realty (REXR – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $42.24.

According to TipRanks, Lynch is an analyst with an average return of -6.1% and a 38.93% success rate. Lynch covers the Real Estate sector, focusing on stocks such as American Tower, Boston Properties, and Digital Realty.

Rexford Industrial Realty has an analyst consensus of Moderate Buy, with a price target consensus of $56.64.

The company has a one-year high of $57.14 and a one-year low of $40.93. Currently, Rexford Industrial Realty has an average volume of 2.08M.

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.