Shares of Rexford Industrial Realty Inc (NYSE:REXR) have been assigned a consensus rating of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $30.78.

A number of brokerages have issued reports on REXR. BidaskClub lowered Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 target price (up from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. Citigroup upped their target price on 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 raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. lowered Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 26th.

Rexford Industrial Realty (NYSE REXR) opened at $28.45 on Friday. Rexford Industrial Realty has a 52-week low of $21.34 and a 52-week high of $31.71. The stock has a market capitalization of $2,220.00, a P/E ratio of 64.66, a price-to-earnings-growth ratio of 3.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio is currently 131.82%.

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of Rexford Industrial Realty by 1.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 71 shares in the last quarter. Advisor Group Inc. raised its position in shares of Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 453 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Rexford Industrial Realty by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 469 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter valued at approximately $159,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter valued at approximately $222,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

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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 (NYSE:REXR)

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