Rexford Industrial Realty Inc (NASDAQ:REXR) had its target price increased by research analysts at FBR & Co from $26.00 to $27.00 in a research note issued on Tuesday. The firm presently has a “mkt perform” rating on the stock. FBR & Co’s target price indicates a potential downside of 1.78% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $32.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $30.00 target price on shares of Rexford Industrial Realty in a research note on Friday, July 14th. DA Davidson reissued a “buy” rating and set a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. National Securities reissued a “neutral” rating and set a $23.00 target price (up previously from $22.00) on shares of Rexford Industrial Realty in a research note on Thursday, May 11th. Finally, Wunderlich reissued a “hold” rating and set a $24.00 target price (up previously from $22.00) on shares of Rexford Industrial Realty in a research note on Tuesday, May 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.86.

Rexford Industrial Realty (NASDAQ REXR) opened at 27.49 on Tuesday. The firm has a market capitalization of $1.95 billion and a price-to-earnings ratio of 58.87. The firm has a 50-day moving average of $27.73 and a 200-day moving average of $24.99. Rexford Industrial Realty has a 1-year low of $20.05 and a 1-year high of $29.01.

Rexford Industrial Realty (NASDAQ:REXR) last released its earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The firm had revenue of $36.78 million for the quarter, compared to analysts’ expectations of $36.75 million. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. Rexford Industrial Realty’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. On average, analysts expect that Rexford Industrial Realty will post $0.19 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in REXR. BlackRock Inc. boosted its position in shares of Rexford Industrial Realty by 1,607.5% in the first quarter. BlackRock Inc. now owns 5,832,562 shares of the company’s stock valued at $131,347,000 after buying an additional 5,490,976 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Rexford Industrial Realty by 40.2% in the second quarter. Russell Investments Group Ltd. now owns 1,442,941 shares of the company’s stock valued at $39,568,000 after buying an additional 413,653 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Rexford Industrial Realty during the first quarter valued at about $8,304,000. Citadel Advisors LLC boosted its position in shares of Rexford Industrial Realty by 881.8% in the first quarter. Citadel Advisors LLC now owns 377,015 shares of the company’s stock valued at $8,490,000 after buying an additional 338,614 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Rexford Industrial Realty during the second quarter valued at about $8,704,000.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Analyst Recommendations for Rexford Industrial Realty (NASDAQ:REXR)

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