Why Rexford Industrial Realty’s Stock Is Sinking

Rexford Industrial Realty ( (REXR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

Rexford Industrial Realty has recently seen its stock price move downwards, primarily due to several analysts lowering their price targets for the company. Despite the wildfires in Los Angeles County, Rexford reported no damage to its properties and expects no negative impact on its financial condition. However, price target reductions by firms like Mizuho, Baird, Jefferies, and Truist indicate potential concerns over broader market conditions or sector-specific challenges in the real estate industry.

More about Rexford Industrial Realty

YTD Price Performance: -0.44%

Average Trading Volume: 1,975,326

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $8.51B

For further insights into REXR stock on TipRanks’ Stock Analysis page.

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