Bank of America Securities Sticks to Its Buy Rating for Rexford Industrial Realty (REXR)

In a report released today, Camille Bonnel from Bank of America Securities maintained a Buy rating on Rexford Industrial Realty (REXR – Research Report). The company’s shares opened today at $42.63.

According to TipRanks, Bonnel is an analyst with an average return of -3.0% and a 48.39% success rate. Bonnel covers the Real Estate sector, focusing on stocks such as Rexford Industrial Realty, Prologis, and SL Green Realty.

In addition to Bank of America Securities, Rexford Industrial Realty also received a Buy from Scotiabank’s Greg McGinniss in a report issued on April 18. However, today, Wedbush initiated coverage with a Hold rating on Rexford Industrial Realty (NYSE: REXR).

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 2.15M.

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.