Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) Price Target at $49.42

Rexford Industrial Realty, Inc. (NYSE:REXR) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $49.42.

REXR has been the topic of several research analyst reports. Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Barclays lowered their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Mizuho lowered their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock.

Institutional Trading of Rexford Industrial Realty

A number of institutional investors have recently bought and sold shares of REXR. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Rexford Industrial Realty in the 3rd quarter valued at about $3,376,000. Asset Management One Co. Ltd. lifted its holdings in shares of Rexford Industrial Realty by 15.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock valued at $23,730,000 after purchasing an additional 64,264 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after purchasing an additional 954,202 shares during the last quarter. Koa Wealth Management LLC lifted its holdings in shares of Rexford Industrial Realty by 357.2% in the 4th quarter. Koa Wealth Management LLC now owns 32,766 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 25,600 shares during the last quarter. Finally, M&G PLC lifted its holdings in shares of Rexford Industrial Realty by 24.0% in the 3rd quarter. M&G PLC now owns 935,892 shares of the real estate investment trust’s stock valued at $46,795,000 after purchasing an additional 180,940 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 0.0 %

Shares of NYSE:REXR opened at $40.78 on Friday. The business’s 50-day moving average is $39.77 and its 200 day moving average is $44.94. Rexford Industrial Realty has a 1 year low of $36.92 and a 1 year high of $53.88. The firm has a market capitalization of $9.07 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. On average, research analysts predict that Rexford Industrial Realty will post 2.34 earnings per share for the current fiscal year.

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.