Rexford Industrial Realty (REXR) Lowered to “Equal Weight” at Capital One Financial

Rexford Industrial Realty (NYSE:REXR) was downgraded by investment analysts at Capital One Financial from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday.

REXR has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research report on Friday, December 15th. BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. B. Riley restated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, National Securities restated a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a research report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Rexford Industrial Realty has an average rating of “Hold” and a consensus target price of $30.78.

Rexford Industrial Realty (NYSE:REXR) traded down $0.03 during mid-day trading on Wednesday, reaching $27.64. 115,334 shares of the company traded hands, compared to its average volume of 422,856. The stock has a market cap of $2,140.66, a P/E ratio of 63.19, a price-to-earnings-growth ratio of 3.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Rexford Industrial Realty has a 1 year low of $21.34 and a 1 year high of $31.71.

Several large investors have recently bought and sold shares of REXR. Advisor Group Inc. grew its stake 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 worth $103,000 after purchasing an additional 453 shares during the period. Eaton Vance Management acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at about $229,000. BB&T Securities LLC acquired a new stake in Rexford Industrial Realty in the 3rd quarter valued at about $231,000. Dynamic Technology Lab Private Ltd acquired a new stake in Rexford Industrial Realty in the 2nd quarter valued at about $310,000. Finally, Miracle Mile Advisors LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at about $317,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Rexford Industrial Realty (REXR) Lowered to “Equal Weight” at Capital One Financial” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/rexford-industrial-realty-rexr-lowered-to-equal-weight-at-capital-one-financial.html.

Rexford Industrial Realty Company Profile

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.

Leave a Reply