Rexford Industrial Realty (NYSE:REXR) Price Target Raised to $38.00

Scotiabank has raised its price target for Rexford Industrial Realty (NYSE:REXR) to $38.00 from $36.00, maintaining a "sector outperform" rating, which suggests a potential upside of nearly 5%. Despite missing consensus EPS estimates with a reported loss of $2.26, the company surpassed revenue expectations, reaching $243 million. Analyst sentiment is mixed, resulting in an overall "Hold" consensus, while institutional investors hold a significant 99.52% of the company's shares.