BMO Capital analyst John Kim lowered the firm’s price target on Rexford Industrial (REXR) to $50 from $52 and keeps a Market Perform rating on the shares as part of a broader research note on REITs. The firm is adjusting its models due to interest rate changes, recent results, and/or discussions with company management, the analyst tells investors in a research note.
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Read More on REXR:
- Rexford downgraded to Neutral at BofA on slower-than-expected LA recovery
- Rexford Industrial downgraded to Neutral from Buy at BofA
- Rexford Industrial Realty Reports Strong Q3 2024 Growth
- Rexford Industrial reports Q3 core FFO 59c, consensus 58c
- Rexford Industrial sees 2024 core FFO $2.33-$2.35, consensus $2.34