Rexford Industrial Realty Inc (NASDAQ:REXR) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.43.

A number of equities research analysts recently weighed in on REXR shares. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target (up from $27.50) on shares of Rexford Industrial Realty in a research report on Wednesday, June 14th. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target (up from $26.00) on shares of Rexford Industrial Realty in a research report on Sunday, June 25th. FBR & Co started coverage on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. They issued a “mkt perform” rating and a $26.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, August 22nd.

Shares of Rexford Industrial Realty (NASDAQ REXR) traded down 0.47% during trading on Friday, reaching $29.94. The company had a trading volume of 529,830 shares. The firm has a market capitalization of $2.12 billion and a PE ratio of 64.11. Rexford Industrial Realty has a 1-year low of $20.05 and a 1-year high of $30.32. The firm has a 50-day moving average of $28.67 and a 200 day moving average of $26.06.

Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The firm had revenue of $36.78 million during the quarter, compared to analysts’ expectations of $36.75 million. During the same period in the previous year, the company earned $0.22 earnings per share. Rexford Industrial Realty’s quarterly revenue was up 20.2% compared to the same quarter last year. Analysts expect that Rexford Industrial Realty will post $0.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.145 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.94%.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Rexford Industrial Realty by 1.9% in the second quarter. Victory Capital Management Inc. now owns 3,743 shares of the company’s stock valued at $103,000 after buying an additional 71 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Rexford Industrial Realty by 13.6% in the second quarter. Advisor Group Inc. now owns 3,787 shares of the company’s stock valued at $103,000 after buying an additional 453 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Rexford Industrial Realty by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the company’s stock valued at $131,000 after buying an additional 469 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Rexford Industrial Realty in the first quarter valued at about $114,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Rexford Industrial Realty by 51.4% in the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock valued at $119,000 after buying an additional 1,800 shares during the last quarter.

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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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