Rexford Industrial Realty, Inc. (NYSE:REXR) Receives Average Rating of "Hold" from Analysts

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) has been given a consensus rating of "Hold" by the ten brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $42.18.

Several research firms have recently weighed in on REXR. Evercore ISI dropped their price target on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research note on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays lowered their price target on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th.

Rexford Industrial Realty Stock Performance

REXR stock opened at $34.19 on Monday. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $52.61. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $39.07.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The firm had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. On average, equities analysts forecast that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.03%. Rexford Industrial Realty's payout ratio is 138.71%.

Institutional Trading of Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. MassMutual Private Wealth & Trust FSB increased its stake in shares of Rexford Industrial Realty by 332.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 566 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Private Trust Co. NA grew its holdings in Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 370 shares during the period. Quantbot Technologies LP acquired a new position in Rexford Industrial Realty during the fourth quarter worth approximately $33,000. Finally, UMB Bank n.a. increased its position in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Company Profile

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.

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