BMO Capital analyst John Kim maintains $Rexford Industrial Realty Inc (REXR.US)$ with a hold rating, and adjusts the target price from $52 to $50.
According to TipRanks data, the analyst has a success rate of 50.7% and a total average return of 1.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rexford Industrial Realty Inc (REXR.US)$'s main analysts recently are as follows:
Rexford Industrial is identified as a bullish 'Fresh Pick' by an analyst, given the recent pullback presents a trading opportunity. The shares are considered to have an attractive risk/reward profile at the current valuation. Although there is no anticipation of an immediate positive shift in fundamentals, the entry point at this juncture is favorable.
As part of a wider review on REITs, there has been an adjustment in models to reflect changes in interest rates, recent outcomes, and dialogues with company management.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
