JPMorgan downgraded Rexford Industrial to Neutral from Overweight with an unchanged price target of $55 post the Q4 report. While Rexford’s business fundamentals are “clearly very strong,” its near-term growth and guidance “looks a bit light versus what is an arguably a high bar,” the analyst tells investors in a research note. The firm says the company trades at significant premiums relative to the overall real estate investment trust group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on REXR:
- Rexford Industrial Realty Releases Quarterly Earnings Data
- Rexford Industrial Announces Fourth Quarter and Full Year 2023 Financial Results
- Rexford Industrial Announces 10 Percent Increase in Quarterly Common Stock Dividend
- Rexford Industrial raises quarterly dividend 10% to 41.75c per share
- Is REXR a Buy, Before Earnings?
