J.P. Morgan analyst Michael Mueller 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 47.1% and a total average return of -1.6% 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 has been highlighted as a bullish Fresh Pick due to the opportunity presented by the recent pullback, indicating an attractive risk/reward ratio at the current valuation. Although a near-term positive inflection in fundamentals is not anticipated, the current entry point is regarded as favorable.
Adjustments to the models for Rexford Industrial are being made in light of interest rate fluctuations, recent performance figures, and conversations with the company's 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.
