Rexford Industrial Realty (NYSE:REXR) Price Target Cut to $38.00 by Analysts at Barclays

Rexford Industrial Realty (NYSE:REXR - Get Free Report) had its target price cut by stock analysts at Barclays from $41.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the real estate investment trust's stock. Barclays's price target would indicate a potential downside of 3.47% from the company's current price.

Several other brokerages have also issued reports on REXR. Mizuho cut their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target for the company. Robert W. Baird lowered their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Scotiabank reduced their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus price target of $46.83.

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Rexford Industrial Realty Trading Down 1.4 %

Shares of Rexford Industrial Realty stock traded down $0.56 on Tuesday, reaching $39.37. 2,039,946 shares of the company's stock were exchanged, compared to its average volume of 1,872,770. The company has a market capitalization of $8.97 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty has a 52 week low of $36.92 and a 52 week high of $52.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm's 50-day moving average is $40.35 and its two-hundred day moving average is $42.48.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors have recently modified their holdings of the company. Paradigm Asset Management Co. LLC purchased a new position in Rexford Industrial Realty in the 4th quarter worth $1,082,000. Charles Schwab Investment Management Inc. raised its stake in Rexford Industrial Realty by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after buying an additional 93,360 shares in the last quarter. Impax Asset Management Group plc lifted its position in Rexford Industrial Realty by 63.6% during the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after buying an additional 8,431 shares during the period. JPMorgan Chase & Co. boosted its holdings in Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after acquiring an additional 954,202 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Rexford Industrial Realty by 760,280.0% during the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after buying an additional 38,014 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.