Rexford Industrial Realty, Inc. (NYSE:REXR) Given Consensus Rating of "Hold" by Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) has earned a consensus rating of "Hold" from the ten research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.00.

A number of analysts have recently commented on the stock. Scotiabank cut their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research note on Tuesday, March 25th. Truist Financial dropped their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a research report on Tuesday, May 6th. Finally, Barclays reduced their target price on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th.

Rexford Industrial Realty Stock Up 0.5%

REXR stock traded up $0.18 during trading hours on Monday, hitting $35.58. The company's stock had a trading volume of 315,635 shares, compared to its average volume of 1,937,617. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $35.61 and a two-hundred day moving average price of $38.91. The company has a market capitalization of $8.42 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Rexford Industrial Realty has a 12 month low of $29.68 and a 12 month high of $52.61.

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, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities research analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.83%. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

Institutional Investors Weigh In On Rexford Industrial Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC bought a new stake in Rexford Industrial Realty during the fourth quarter valued at $1,082,000. Charles Schwab Investment Management Inc. raised its position in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock valued at $107,587,000 after acquiring an additional 93,360 shares in the last quarter. Impax Asset Management Group plc raised its position in Rexford Industrial Realty by 63.6% during the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after acquiring an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after purchasing an additional 954,202 shares during the period. Finally, Rothschild Investment LLC raised its position in shares of Rexford Industrial Realty by 760,280.0% in the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after purchasing an additional 38,014 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.