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Rexford Industrial Realty Inc (REXR) has seen its stock price surpass the average analyst 12-month target price of $39.13, currently trading at $39.45 per share. This movement prompts analysts to evaluate their target prices, with one analyst setting a target as low as $35.00 and another as high as $44.00, resulting in a standard deviation of $2.748.
Currently, there are 15 analysts contributing to the target price, with four strong buy ratings, one buy rating, 10 hold ratings, and one strong sell rating. The average rating stands at 2.56, indicating a generally positive outlook.
The increased trading price signals to investors the need to reassess the company’s valuation and future prospects, as it has crossed a significant benchmark.
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