Rexford Industrial Realty Inc (NASDAQ:REXR) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other analysts also recently issued research reports about the company. 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 raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $32.00 in a research note on Tuesday, August 29th. Finally, Zacks Investment Research raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.86.

Shares of Rexford Industrial Realty (NASDAQ REXR) traded down 1.57% on Wednesday, hitting $29.51. The stock had a trading volume of 1,799,611 shares. Rexford Industrial Realty has a 52 week low of $20.05 and a 52 week high of $30.60. The firm has a 50-day moving average price of $29.07 and a 200-day moving average price of $26.46. The stock has a market capitalization of $2.09 billion and a P/E ratio of 63.19.

Rexford Industrial Realty (NASDAQ:REXR) last issued its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $36.78 million for the quarter, compared to the consensus estimate of $36.75 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The firm’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. Equities analysts expect that Rexford Industrial Realty will post $0.36 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. Victory Capital Management Inc. grew its holdings in Rexford Industrial Realty by 1.9% during the 2nd 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 in the last quarter. Advisor Group Inc. grew its holdings in Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the company’s stock valued at $103,000 after buying an additional 453 shares in the last quarter. SG Americas Securities LLC purchased a new position in Rexford Industrial Realty during the 1st quarter valued at approximately $114,000. Daiwa Securities Group Inc. grew its holdings in Rexford Industrial Realty by 51.4% during the 1st 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 in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Rexford Industrial Realty during the 1st quarter valued at approximately $128,000.

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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