Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rexford Industrial Realty ( (REXR) ) just unveiled an update.
On October 23, 2023, Rexford Industrial Realty filed a Registration Statement with the SEC, updating its U.S. Federal Income Tax Considerations. This filing outlines the tax implications of its REIT status and the ownership of its securities, emphasizing the complexity and potential changes in tax laws that could impact its REIT qualification and tax obligations. The company has been advised by Latham & Watkins LLP on its REIT status since 2013, but there is no guarantee that its tax considerations will remain unchallenged by the IRS.
The most recent analyst rating on (REXR) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Rexford Industrial Realty stock, see the REXR Stock Forecast page.
Spark’s Take on REXR Stock
According to Spark, TipRanks’ AI Analyst, REXR is a Outperform.
Rexford Industrial Realty is well-positioned with strong financial performance and positive corporate developments. While technical indicators and valuation present some caution, the company’s strategic initiatives and robust earnings provide a solid overall outlook.
To see Spark’s full report on REXR stock, click here.
More about Rexford Industrial Realty
Rexford Industrial Realty, Inc. operates within the real estate industry, focusing on the acquisition, ownership, and management of industrial properties. The company is structured as a Real Estate Investment Trust (REIT), which allows it to benefit from certain tax advantages, provided it meets specific operational and organizational criteria.
Average Trading Volume: 2,950,203
Technical Sentiment Signal: Sell
Current Market Cap: $8.64B
Find detailed analytics on REXR stock on TipRanks’ Stock Analysis page.