Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Rexford Industrial Realty (NASDAQ:REXR) in a research report issued on Tuesday, ARN reports. The firm set an “overweight” rating on the stock.
The analysts wrote, “Rexford is a self- administered/self-managed equity REIT that owns and operates industrial/flex real estate in a number of infill Southern California markets – primarily around Los Angeles. The company is well positioned to post sizable occupancy gains over the next few years as the SoCal and small tenant recoveries unfold, and management’s deep roots in its market should help it secure deal flow for external growth.”
Rexford Industrial Realty (NASDAQ:REXR) opened at 13.60 on Tuesday. Rexford Industrial Realty has a 1-year low of $13.11 and a 1-year high of $14.80. The stock’s 50-day moving average is currently $13.93. The company’s market cap is $343.1 million.
Six equities research analysts have rated the stock with a buy rating, Rexford Industrial Realty currently has a consensus rating of “Buy”.
Rexford Industrial Realty, Inc is a real estate investment trust (NASDAQ:REXR) focused on owning and operating industrial properties in Southern California infill markets.
