Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Rexford Realty (NYSE:REXR) on Tuesday, setting a price target of $49, which is approximately 6.54% above the present share price of $45.99.
Petersen expects Rexford Realty to post earnings per share (EPS) of $0.09 for the third quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Rexford Realty, with an average price target of $49.
The analysts price targets range from a high of $49 to a low of $49.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $77.68 million and a net profit of $22.73 million. The company's market cap is $5.81 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.4% and a 70.72% success rate.
Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013 and is headquartered in Los Angeles, CA.