What 5 Analyst Ratings Have To Say About Rexford Industrial Realty
Portfolio Pulse from Benzinga Insights
Rexford Industrial Realty (NYSE:REXR) received mixed analyst ratings with a shift towards a more bullish stance in the latest quarter. The average 12-month price target was adjusted to $52.4, marking a decrease from the previous $56.67. Analysts from firms including Truist Securities, Mizuho, Barclays, and JP Morgan have updated their ratings and price targets, reflecting varied expectations for REXR's performance. The company's financials show strong growth and profitability, with a revenue growth rate of 17.83% and a net margin of 29.31%, outperforming industry averages.
April 16, 2024 | 1:01 pm
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Rexford Industrial Realty received mixed analyst ratings, with a new average price target of $52.4, down from $56.67. The company's financial performance is strong, with significant revenue growth and high profitability metrics.
The mixed analyst ratings with a slight decrease in the average price target suggest a cautious but not negative outlook for REXR. The company's strong financial performance, including high revenue growth and profitability, supports a stable short-term impact on its stock price. However, the decrease in the average price target indicates that analysts are adjusting their expectations possibly due to broader market conditions or sector-specific challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100