Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $46.17 Average Price Target from Analysts

Rexford Industrial Realty, Inc. (NYSE:REXR) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $44.64.

Several research firms have weighed in on REXR. Evercore ISI cut their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. Scotiabank cut their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Barclays dropped their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 25th. Finally, Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, March 25th.

Institutional Trading of Rexford Industrial Realty

Several institutional investors have recently modified their holdings of the company. Stifel Financial Corp lifted its position in Rexford Industrial Realty by 2.7% in the third quarter. Stifel Financial Corp now owns 53,402 shares of the real estate investment trust’s stock worth $2,687,000 after purchasing an additional 1,380 shares during the period. Orion Portfolio Solutions LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth about $229,000. Tidal Investments LLC boosted its position in shares of Rexford Industrial Realty by 22.5% during the 3rd quarter. Tidal Investments LLC now owns 171,433 shares of the real estate investment trust’s stock valued at $8,625,000 after acquiring an additional 31,528 shares in the last quarter. Franklin Resources Inc. increased its stake in Rexford Industrial Realty by 1.1% in the third quarter. Franklin Resources Inc. now owns 822,740 shares of the real estate investment trust’s stock valued at $38,924,000 after acquiring an additional 9,200 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in Rexford Industrial Realty in the third quarter worth about $10,925,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 2.5 %

NYSE:REXR opened at $31.75 on Thursday. The company has a market capitalization of $7.50 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.62 and a beta of 0.99. The stock’s 50 day moving average price is $38.03 and its 200 day moving average price is $40.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, research analysts forecast that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty’s payout ratio is presently 138.71%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.