Rexford Industrial Realty (NYSE:REXR) Hits New 1-Year Low - Should You Sell?

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $31.08 and last traded at $31.45, with a volume of 4184449 shares trading hands. The stock had previously closed at $33.43.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on REXR shares. Scotiabank decreased their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Mizuho cut their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price on the stock. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Barclays dropped their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.17.

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Rexford Industrial Realty Stock Performance

The firm's 50-day simple moving average is $38.98 and its two-hundred day simple moving average is $41.05. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $7.55 billion, a PE ratio of 27.36, a PEG ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.19%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is 142.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REXR. Stifel Financial Corp increased its position in Rexford Industrial Realty by 2.7% in the 3rd quarter. Stifel Financial Corp now owns 53,402 shares of the real estate investment trust's stock worth $2,687,000 after purchasing an additional 1,380 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $229,000. M&T Bank Corp raised its holdings in shares of Rexford Industrial Realty by 1.5% during the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock valued at $1,470,000 after purchasing an additional 442 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Rexford Industrial Realty by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust's stock worth $205,014,000 after purchasing an additional 74,865 shares in the last quarter. Finally, Tidal Investments LLC increased its position in Rexford Industrial Realty by 22.5% during the third quarter. Tidal Investments LLC now owns 171,433 shares of the real estate investment trust's stock worth $8,625,000 after buying an additional 31,528 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other 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.