Rexford Industrial Realty (NYSE:REXR) Given New $46.00 Price Target at Barclays

Rexford Industrial Realty (NYSE:REXR - Get Free Report) had its price target increased by equities researchers at Barclays from $45.00 to $46.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an "underweight" rating on the real estate investment trust's stock. Barclays's price target suggests a potential upside of 5.19% from the company's previous close.

A number of other analysts have also recently issued reports on the company. Wedbush began coverage on Rexford Industrial Realty in a report on Monday. They set a "neutral" rating and a $45.00 target price for the company. JPMorgan Chase & Co. cut Rexford Industrial Realty from an "overweight" rating to a "neutral" rating and set a $55.00 target price for the company. in a report on Wednesday, February 7th. Mizuho reiterated a "neutral" rating and set a $52.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, April 2nd. Robert W. Baird reiterated a "neutral" rating and set a $61.00 target price (up previously from $53.00) on shares of Rexford Industrial Realty in a report on Friday, January 5th. Finally, TheStreet upgraded Rexford Industrial Realty from a "c+" rating to a "b-" rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $54.73.

Rexford Industrial Realty Trading Up 1.7 %

REXR traded up $0.72 during midday trading on Tuesday, hitting $43.73. The company's stock had a trading volume of 1,726,507 shares, compared to its average volume of 1,987,955. The company has a current ratio of 3.21, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. The firm has a market cap of $9.53 billion, a P/E ratio of 40.12, a PEG ratio of 1.89 and a beta of 0.86. The firm has a 50-day moving average price of $49.88 and a two-hundred day moving average price of $50.57. Rexford Industrial Realty has a 52-week low of $41.56 and a 52-week high of $58.02.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.30). The business had revenue of $214.10 million during the quarter, compared to analysts' expectations of $207.39 million. Rexford Industrial Realty had a net margin of 28.84% and a return on equity of 3.04%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. On average, research analysts anticipate that Rexford Industrial Realty will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.69, for a total value of $954,373.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of institutional investors have recently made changes to their positions in REXR. Envestnet Asset Management Inc. raised its position in shares of Rexford Industrial Realty by 139.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 232,848 shares of the real estate investment trust's stock valued at $11,491,000 after acquiring an additional 135,627 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Rexford Industrial Realty by 12.8% during the 4th quarter. Pacer Advisors Inc. now owns 207,609 shares of the real estate investment trust's stock valued at $11,647,000 after acquiring an additional 23,510 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at approximately $3,327,000. Daiwa Securities Group Inc. raised its position in shares of Rexford Industrial Realty by 1.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 79,851 shares of the real estate investment trust's stock valued at $4,480,000 after acquiring an additional 1,171 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Rexford Industrial Realty by 6.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 314,170 shares of the real estate investment trust's stock worth $15,506,000 after buying an additional 19,981 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.