BofA Securities analyst Jeffrey Spector initiates coverage on $Rexford Industrial Realty Inc (REXR.US)$ with a hold rating, and sets the target price at $66.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rexford Industrial Realty Inc (REXR.US)$'s main analysts recently are as follows:
Rexford Industrial has been highlighted as a bullish opportunity following a recent pullback, presenting a more attractive risk/reward balance at the current valuation. Although a near-term positive shift in fundamentals isn't anticipated, the entry point is considered favorable.
The firm is modifying its models for Rexford Industrial, taking into account recent interest rate changes, the latest results, and conversations with company management.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
