Deutsche Bank Aktiengesellschaft Begins Coverage on Rexford Industrial Realty (NYSE:REXR)

Investment analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty (NYSE:REXR) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “hold” rating and a $40.00 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 3.12% from the company’s previous close.

Several other brokerages have also weighed in on REXR. Bank of America lowered Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their target price for the stock from $66.00 to $49.00 in a research report on Monday, October 21st. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a report on Friday, October 18th. StockNews.com downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Mizuho reduced their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays dropped their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.42.

Rexford Industrial Realty Stock Up 0.1 %

REXR opened at $38.79 on Tuesday. Rexford Industrial Realty has a 12 month low of $36.92 and a 12 month high of $56.14. The business has a 50-day moving average of $40.38 and a two-hundred day moving average of $45.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). The company had revenue of $241.84 million during the quarter, compared to analysts’ expectations of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. Rexford Industrial Realty’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. On average, research analysts expect that Rexford Industrial Realty will post 2.34 earnings per share for the current year.

Institutional Trading of Rexford Industrial Realty

Several large investors have recently modified their holdings of the business. Fulton Bank N.A. boosted its holdings in Rexford Industrial Realty by 4.7% in the third quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 224 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Rexford Industrial Realty by 4.8% during the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 296 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Rexford Industrial Realty by 0.8% during the second quarter. Victory Capital Management Inc. now owns 46,066 shares of the real estate investment trust’s stock worth $2,054,000 after buying an additional 345 shares in the last quarter. Naviter Wealth LLC increased its stake in shares of Rexford Industrial Realty by 2.6% in the third quarter. Naviter Wealth LLC now owns 14,907 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 382 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Rexford Industrial Realty by 1.5% in the third quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust’s stock valued at $1,470,000 after acquiring an additional 442 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.