Rexford Industrial Realty (NYSE:REXR) was downgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $29.00 target price on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price points to a potential downside of 5.57% from the company’s current price.

REXR has been the topic of several other research reports. National Securities reissued a “buy” rating and issued a $34.00 price target on shares of Rexford Industrial Realty in a research report on Monday, November 27th. Citigroup boosted their price target on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a report on Tuesday, November 7th. Finally, BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.78.

Shares of Rexford Industrial Realty (NYSE:REXR) traded down $0.07 during mid-day trading on Friday, reaching $30.71. 439,100 shares of the company’s stock traded hands, compared to its average volume of 472,096. The company has a market capitalization of $2,397.73, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 4.17 and a beta of 0.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. Rexford Industrial Realty has a twelve month low of $21.34 and a twelve month high of $31.71.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $43.30 million for the quarter, compared to analyst estimates of $41.77 million. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. analysts expect that Rexford Industrial Realty will post 0.96 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its stake in Rexford Industrial Realty by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 71 shares in the last quarter. Stifel Financial Corp grew its stake in Rexford Industrial Realty by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 24,636 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 100 shares in the last quarter. GAM Holding AG grew its stake in Rexford Industrial Realty by 7.5% in the 2nd quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 400 shares in the last quarter. Advisor Group Inc. grew its stake in Rexford Industrial Realty by 13.6% in the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 453 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rexford Industrial Realty by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 469 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: “Rexford Industrial Realty (REXR) Lowered to Underweight at J P Morgan Chase & Co” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/15/rexford-industrial-realty-rexr-lowered-to-underweight-at-j-p-morgan-chase-co.html.

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 (NYSE:REXR)

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