Rexford Industrial Realty Inc (NASDAQ:REXR) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $30.00 price target on shares of Rexford Industrial Realty in a research note on Friday, July 14th. DA Davidson restated a “buy” rating and set a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. National Securities upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $32.00 in a research note on Tuesday, August 29th. Finally, Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Rexford Industrial Realty has an average rating of “Buy” and a consensus price target of $30.56.

Shares of Rexford Industrial Realty (REXR) traded up $0.01 during trading on Friday, reaching $30.16. The company had a trading volume of 463,552 shares, compared to its average volume of 501,399. Rexford Industrial Realty has a 52 week low of $20.05 and a 52 week high of $30.66.

Rexford Industrial Realty (NASDAQ:REXR) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $43.30 million during the quarter, compared to analyst estimates of $41.77 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share.

TRADEMARK VIOLATION NOTICE: “Rexford Industrial Realty Inc (REXR) Upgraded to “Buy” at BidaskClub” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/04/rexford-industrial-realty-inc-rexr-upgraded-to-buy-at-bidaskclub.html.

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake 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 acquiring an additional 71 shares in the last quarter. Advisor Group Inc. raised its stake 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 acquiring an additional 453 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rexford Industrial Realty in the first quarter valued at $114,000. BNP Paribas Arbitrage SA raised its stake in shares of Rexford Industrial Realty by 75.6% in the third quarter. BNP Paribas Arbitrage SA now owns 5,060 shares of the company’s stock valued at $116,000 after acquiring an additional 2,178 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake 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 acquiring an additional 1,800 shares in the last quarter.

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)

Receive News & Ratings for Rexford Industrial Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc and related companies with MarketBeat.com's FREE daily email newsletter.