Rexford Industrial Realty (NYSE:REXR) Earns "Neutral" Rating from Mizuho

Rexford Industrial Realty (NYSE:REXR - Get Free Report)'s stock had its "neutral" rating restated by Mizuho in a report released on Tuesday, Benzinga reports. They presently have a $52.00 price target on the real estate investment trust's stock. Mizuho's price objective indicates a potential upside of 7.08% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. TheStreet raised shares of Rexford Industrial Realty from a "c+" rating to a "b-" rating in a research note on Thursday, February 1st. Robert W. Baird reissued a "neutral" rating and set a $61.00 price target (up previously from $53.00) on shares of Rexford Industrial Realty in a research report on Friday, January 5th. Barclays initiated coverage on shares of Rexford Industrial Realty in a research report on Wednesday, March 27th. They set an "underweight" rating and a $45.00 price target for the company. JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from an "overweight" rating to a "neutral" rating and set a $55.00 price target for the company. in a research report on Wednesday, February 7th. Finally, Truist Financial dropped their price target on shares of Rexford Industrial Realty from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Rexford Industrial Realty presently has an average rating of "Hold" and an average target price of $56.00.

Rexford Industrial Realty Price Performance

REXR stock traded down $0.28 during midday trading on Tuesday, reaching $48.56. The company had a trading volume of 2,467,318 shares, compared to its average volume of 1,735,092. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.35 and a quick ratio of 1.35. Rexford Industrial Realty has a 1 year low of $41.56 and a 1 year high of $60.06. The company has a market capitalization of $10.44 billion, a P/E ratio of 43.36, a P/E/G ratio of 2.16 and a beta of 0.86. The firm has a 50-day moving average price of $51.99 and a 200-day moving average price of $50.95.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of the company's stock in a transaction on Monday, February 12th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at about $283,319,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rexford Industrial Realty by 64.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,432,222 shares of the real estate investment trust's stock valued at $570,016,000 after acquiring an additional 4,107,405 shares during the last quarter. Capital International Investors purchased a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at about $139,522,000. Centersquare Investment Management LLC boosted its holdings in shares of Rexford Industrial Realty by 105.1% during the 2nd quarter. Centersquare Investment Management LLC now owns 3,724,708 shares of the real estate investment trust's stock valued at $194,504,000 after acquiring an additional 1,908,770 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 22,698,814 shares of the real estate investment trust's stock valued at $1,693,104,000 after acquiring an additional 1,587,612 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.