Rexford Industrial Realty Inc.: 52-Week High Recently Eclipsed (REXR)

July 21, 2021 10:30:03

Rexford Industrial Realty Inc. (NYSE:REXR) traded at a new 52-week high today of $60.89. This new high was reached on below average trading volume as 185,000 shares traded hands, while the average 30-day volume is approximately 973,000 shares.

Rexford Industrial Realty Inc is a real estate investment trust primarily engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford’s real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company’s largest tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.

In the past 52 weeks, shares of Rexford Industrial Realty Inc. have traded between a low of $39.33 and a high of $60.89 and is now at $60.81, which is 55% above that low price.

Rexford Industrial Realty Inc. (NYSE:REXR) is currently priced 17.2% above its average consensus analyst price target of $50.34.

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