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In a challenging market environment, Rexford Industrial Realty, Inc. (REXR) stock has touched a 52-week low, dipping to $36.9. Despite market pressures, the company maintains a strong dividend profile, having raised dividends for 12 consecutive years with a current yield of 4.36%. According to InvestingPro analysis, the company’s overall financial health score remains GOOD. This price level reflects a significant downturn from the company’s performance over the past year, with Rexford experiencing a 1-year change of -24.33%. Investors are closely monitoring the stock as it navigates through the current economic headwinds, which have been particularly unkind to the real estate sector. The 52-week low serves as a critical indicator for the company’s valuation and is a focal point for discussions about its future prospects in an increasingly volatile market landscape. With analyst price targets ranging from $38 to $55, and revenue growth of 17.37% in the last twelve months, deeper insights into REXR’s potential can be found in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Rexford Industrial Realty has been the subject of several analyst updates. Baird analyst David Radgers adjusted the company’s price target to $47.00 from $48.00, maintaining a Neutral rating. Radgers noted the potential for Rexford to capitalize on redevelopment and lease-up activities, despite soft near-term demand in Southern California. Deutsche Bank (ETR:DBKGn) initiated coverage on Rexford with a Hold rating and a price target of $40.00, citing concerns over a slowdown in the region and risks related to interest rates and tenant concentration. Deutsche Bank’s forecast for Rexford’s 2025 funds from operations (FFO) per share is $2.50, slightly below the consensus estimate. Citi analysts also revised their outlook, reducing the price target from $50.00 to $40.00 and maintaining a Neutral rating. This adjustment reflects a recalibration of expectations due to prolonged market deceleration, with the 2025 FFO estimate lowered to $2.50. These recent developments indicate cautious optimism among analysts regarding Rexford’s future performance amid ongoing market challenges.
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