Truist initiated coverage of Rexford Industrial Realty with a Buy rating and $56 price target, which implies a 16% total return. With potential rises in vacancy, uncertainties in market rent growth and a shrinking mark-to-market, the firm says it stress-tested each scenario against the price target. Even assuming slightly negative market rent growth, Rexford’s risk/reward potential is “compelling,” the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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 price target lowered to $60 from $70 at Stifel
- Rexford Industrial upgraded to Outperform from Peer Perform at Wolfe Research
- Scotiabank starts Rexford Industrial with a Sector Perform on SoCal exposure
- Rexford Industrial initiated with a Sector Perform at Scotiabank
- Rexford Industrial announces $46M in investment activity