Rexford Realty Receives a Hold from National Securities Corp

By Carrie Williams

National Securities Corp analyst John Benda reiterated a Hold rating on Rexford Realty (NYSE: REXR) today and set a price target of $22. The company’s shares opened today at $21.34.

According to TipRanks.com, Benda is a 5-star analyst with an average return of 21.5% and a 90.0% success rate. Benda covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, Bluerock Residential Growth, and Trade Street Residential.

Rexford Realty has an analyst consensus of Moderate Buy, with a price target consensus of $22.

Rexford Realty’s market cap is currently $1.41B and has a P/E ratio of 83.00. The company has a book value ratio of 1.6840.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Howard Schwimmer, the Co-CEO, Co-President of REXR sold 11,900 shares for a total of $244,664.

Rexford Industrial Realty, Inc. operates as a self-administered and self-managed real estate investment trust. It engages in owning, operating and acquiring industrial properties in Southern California infill markets. The company targets both newer and older vintage properties, single and multi-tenant projects and invests in every category of industrial property including core, core plus, value add, and first mortgages tied to industrial property. Rexford Industrial Realty was founded on January 18, 2013 and is headquartered in Los Angeles, CA.