Berenberg Bank Keeps a Buy Rating on Rexford Industrial Realty (REXR)

Berenberg Bank analyst Connor Siversky maintained a Buy rating on Rexford Industrial Realty (REXRResearch Report) yesterday and set a price target of $82.00. The company’s shares closed last Tuesday at $69.95.

According to TipRanks.com, Siversky is a 3-star analyst with an average return of 6.1% and a 42.9% success rate. Siversky covers the Financial sector, focusing on stocks such as Healthcare Trust of America, National Health Investors, and Plymouth Industrial Reit.

Rexford Industrial Realty has an analyst consensus of Strong Buy, with a price target consensus of $83.75, a 18.9% upside from current levels. In a report issued on February 11, Robert W. Baird also maintained a Buy rating on the stock with a $86.00 price target.

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Rexford Industrial Realty’s market cap is currently $10.58B and has a P/E ratio of 87.81.

Based on the recent corporate insider activity of 21 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, 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.

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