Wolfe Research analyst Andrew Rosivach last night downgraded Rexford Industrial (REXR) to Peer Perform from Outperform without a price target The shares are trading near fair value, the analyst tells investors in a research note. The firm says Rexford’s multiple and earnings growth profile are near the sector average. The company’s rent growth has been trailing off and inflected to negative 1% as of Q3, contends Wolfe.
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