Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) Price Target at $46.17

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.67.

Several equities research analysts recently weighed in on the company. Scotiabank cut their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research note on Tuesday, March 25th. Mizuho lowered their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price on the stock. Finally, Barclays dropped their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. UMB Bank n.a. lifted 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 valued at $39,000 after buying an additional 280 shares during the period. Utah Retirement Systems increased its stake in shares of Rexford Industrial Realty by 0.8% in the 4th quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust's stock worth $1,392,000 after acquiring an additional 300 shares in the last quarter. CIBC Asset Management Inc lifted its position in Rexford Industrial Realty by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock valued at $254,000 after acquiring an additional 355 shares during the period. Exchange Traded Concepts LLC boosted its stake in Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 371 shares in the last quarter. Finally, Isthmus Partners LLC grew its holdings in Rexford Industrial Realty by 7.3% in the fourth quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust's stock worth $266,000 after purchasing an additional 469 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock traded down $0.82 during midday trading on Thursday, reaching $31.75. The company's stock had a trading volume of 2,728,859 shares, compared to its average volume of 1,885,163. The stock has a market cap of $7.50 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $52.61. The business has a 50-day moving average price of $38.03 and a 200-day moving average price of $40.34.

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

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

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.