Rexford Industrial price target lowered to $45 from $46 at Mizuho

Mizuho analyst Vikram Malhotra lowered the firm’s price target on Rexford Industrial (REXR) to $45 from $46 and keeps a Neutral rating on the shares as part of a 2025 real estate investment trust outlook. The firm remains equal-weight REITs into 2025, seeing a mixed macro backdrop. Stock valuations “appear fair on an absolute basis, but rich relative to fixed income alternatives,” the analyst tells investors in a research note. Mizuho believes REIT fundamentals “appear sluggish with a potential inflection” in fiscal 2026.