Deutsche Bank initiated coverage of Rexford Industrial (REXR) with a Hold rating and $40 price target The firm launched coverage of the industrial real estate investment trust sector with a neutral weighting from a sub-sector allocation within a REIT dedicated portfolio. Eastgroup Properties (EGP) is Deutsche Bank’s lone Buy rating. The firm believes 2025 “will closely mirror” 2024 in terms of fundamentals, as demand continues to normalize in a post pandemic world. Users are still working through warehouse space that was leased during the pandemic when demand was pulled forward in response to broken supply chains, the analyst tells investors in a research note. The firm believes that until this is fully absorbed, there is limited incentive to lease additional new space. As such, occupancy growth may prove challenging in 2025, according to Deutsche Bank.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REXR:
- Rexford Industrial price target lowered to $41 from $44 at Barclays
- Rexford Industrial says no damage to properties from LA County wildfires
- Rexford Industrial price target lowered to $45 from $46 at Mizuho
- Rexford Industrial price target lowered to $48 from $52 at Baird
- Rexford Industrial price target lowered to $47 from $52 at Jefferies