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

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) has been given an average rating of "Hold" by the ten brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned 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 $40.00.

A number of equities analysts have commented on the company. Barclays lowered their price objective 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. Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a research report on Tuesday, May 6th. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Evercore ISI dropped their target price on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, April 21st.

Rexford Industrial Realty Trading Down 1.8%

Shares of Rexford Industrial Realty stock opened at $35.59 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 4.90. The firm has a 50-day moving average of $35.21 and a 200-day moving average of $37.46. Rexford Industrial Realty has a 52-week low of $29.68 and a 52-week high of $52.61. The stock has a market cap of $8.42 billion, a PE ratio of 28.70, a PEG ratio of 3.32 and a beta of 1.14.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 28.96% and a return on equity of 3.31%. The business had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. As a group, sell-side analysts forecast that Rexford Industrial Realty will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business 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. This represents a $1.72 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Monday, June 30th. 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 modified their holdings of REXR. Bank of New York Mellon Corp grew its position in Rexford Industrial Realty by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,777,062 shares of the real estate investment trust's stock worth $68,701,000 after acquiring an additional 23,736 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at about $417,000. Metis Global Partners LLC grew its holdings in shares of Rexford Industrial Realty by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 25,113 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 2,566 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,709 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of Rexford Industrial Realty by 1.2% in the fourth quarter. State of Michigan Retirement System now owns 52,582 shares of the real estate investment trust's stock valued at $2,033,000 after buying an additional 600 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.