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Analysts Offer Insights on Real Estate Companies: Rexford Industrial Realty (REXR) and SBA Communications (SBAC)

Tipranks - Wed Apr 15, 5:56AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on Rexford Industrial Realty (REXR) and SBA Communications (SBAC) with bullish sentiments.

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Rexford Industrial Realty (REXR)

In a report released yesterday, Blaine Heck from Wells Fargo maintained a Buy rating on Rexford Industrial Realty, with a price target of $52.00. The company’s shares closed last Monday at $34.66.

According to TipRanks.com, Heck is a 1-star analyst with an average return of -1.1% and a 49.6% success rate. Heck covers the NA sector, focusing on stocks such as Hudson Pacific Properties, First Industrial Realty, and COPT Defense Properties. ;'>

Currently, the analyst consensus on Rexford Industrial Realty is a Moderate Buy with an average price target of $41.83, a 22.7% upside from current levels. In a report released yesterday, Evercore ISI also upgraded the stock to Buy with a $40.00 price target.

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SBA Communications (SBAC)

Citi analyst Michael Rollins maintained a Buy rating on SBA Communications yesterday and set a price target of $235.00. The company’s shares closed last Monday at $220.24.

According to TipRanks.com, Rollins is a 5-star analyst with an average return of 13.0% and a 65.3% success rate. Rollins covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Array Digital Infrastructure, and Telephone & Data Systems. ;'>

Currently, the analyst consensus on SBA Communications is a Moderate Buy with an average price target of $219.54, a -1.3% downside from current levels. In a report issued on April 1, RBC Capital also maintained a Buy rating on the stock with a $215.00 price target.

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