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

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) has received a consensus recommendation of "Hold" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $51.09.

A number of research analysts have recently weighed in on the company. Mizuho cut their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating on the stock in a report on Wednesday, August 28th. Evercore ISI restated an "outperform" rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Scotiabank lowered shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st.

Institutional Investors Weigh In On Rexford Industrial Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Rexford Industrial Realty in the 2nd quarter valued at about $26,000. UMB Bank n.a. boosted its position in Rexford Industrial Realty by 164.3% in the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 447 shares during the period. Headlands Technologies LLC acquired a new position in shares of Rexford Industrial Realty in the second quarter worth $41,000. CWM LLC raised its stake in shares of Rexford Industrial Realty by 73.9% in the second quarter. CWM LLC now owns 1,485 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 631 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Rexford Industrial Realty by 42.4% in the second quarter. Fifth Third Bancorp now owns 1,741 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 518 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

REXR traded up $0.56 during midday trading on Friday, hitting $40.87. 1,857,894 shares of the company traded hands, compared to its average volume of 1,743,904. The company's 50-day moving average is $43.44 and its 200 day moving average is $46.61. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $9.09 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Rexford Industrial Realty has a 52 week low of $39.85 and a 52 week high of $58.02.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued 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 business had revenue of $241.84 million for the quarter, compared to analysts' expectations of $235.81 million. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The company's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. On average, research analysts expect that Rexford Industrial Realty will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.4175 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.09%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 135.77%.

About Rexford Industrial Realty

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.