In a report released yesterday, Omotayo Okusanya from Jefferies reiterated a Buy rating on Rexford Realty (NYSE: REXR), with a price target of $36. The company’s shares closed yesterday at $30.57.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Easterly Government Properties, and NexPoint Residential Trust Inc.
Currently, the analyst consensus on Rexford Realty is a Strong Buy with an average price target of $34.75.
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Rexford Realty’s market cap is currently $2.47B and has a P/E ratio of 53.63. The company has a Price to Book ratio of 1.99.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.
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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.
