Rexford Industrial Realty, Inc. (NYSE:REXR) Receives Average Recommendation 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 stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $51.09.

Several research analysts have weighed in on REXR shares. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research report on Friday, October 18th. Bank of America downgraded Rexford Industrial Realty from a "buy" rating to a "neutral" rating and cut their price objective for the company from $66.00 to $49.00 in a report on Monday, October 21st. Finally, Evercore ISI restated an "outperform" rating on shares of Rexford Industrial Realty in a report on Friday, October 18th.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REXR. Capital International Investors boosted its holdings in shares of Rexford Industrial Realty by 687.7% in the 1st quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust's stock valued at $985,411,000 after buying an additional 17,103,653 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Rexford Industrial Realty by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust's stock valued at $1,002,654,000 after acquiring an additional 4,197,907 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Rexford Industrial Realty by 262.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,237,288 shares of the real estate investment trust's stock valued at $112,536,000 after acquiring an additional 1,620,378 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rexford Industrial Realty by 338.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust's stock worth $97,134,000 after purchasing an additional 1,489,876 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Rexford Industrial Realty by 38.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,907,560 shares of the real estate investment trust's stock worth $129,648,000 after purchasing an additional 800,137 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

REXR traded up $0.69 during trading on Monday, reaching $42.70. The company's stock had a trading volume of 1,673,340 shares, compared to its average volume of 1,729,270. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.01 and a beta of 0.94. The firm has a fifty day simple moving average of $46.92 and a two-hundred day simple moving average of $47.08. Rexford Industrial Realty has a 1 year low of $41.16 and a 1 year high of $58.02. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.28). The firm had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The company's revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. As a group, analysts anticipate that Rexford Industrial Realty will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.4175 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a yield of 3.91%. Rexford Industrial Realty's dividend payout ratio (DPR) is 135.77%.

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.