Shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $46.83.
Several equities research analysts have weighed in on REXR shares. JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research report on Tuesday. Robert W. Baird decreased their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday. Finally, Scotiabank decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th.
View Our Latest Stock Report on Rexford Industrial Realty
Rexford Industrial Realty Price Performance
Shares of REXR traded up $0.29 during trading hours on Friday, hitting $39.90. 1,093,800 shares of the company were exchanged, compared to its average volume of 2,203,428. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.62 and a beta of 0.98. The firm's fifty day moving average is $40.32 and its 200 day moving average is $42.59. Rexford Industrial Realty has a fifty-two week low of $36.92 and a fifty-two week high of $52.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.
Rexford Industrial Realty Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.31%. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 142.15%.
Institutional Trading of Rexford Industrial Realty
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Rexford Industrial Realty during the 4th quarter worth about $33,000. UMB Bank n.a. lifted its stake in shares of Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Rexford Industrial Realty during the 4th quarter valued at approximately $65,000. Finally, Quarry LP raised its holdings in Rexford Industrial Realty by 239.6% during the 3rd quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock worth $133,000 after purchasing an additional 1,869 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.
About Rexford Industrial Realty
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Get Free ReportRexford 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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