Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $48.75 Consensus Price Target from Analysts

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have received a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $48.67.

Several equities research analysts have recently weighed in on REXR shares. Scotiabank lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Friday. Truist Financial lowered their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays cut their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Mizuho dropped their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock.

Rexford Industrial Realty Stock Up 1.4 %

REXR opened at $41.38 on Wednesday. The company has a market capitalization of $9.43 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s fifty day moving average price is $39.77 and its two-hundred day moving average price is $43.91. Rexford Industrial Realty has a fifty-two week low of $36.92 and a fifty-two week high of $53.88.

Rexford Industrial Realty (NYSE:REXR) last issued its 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 net margin of 29.10% and a return on equity of 3.26%. On average, analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Creative Planning increased its stake in shares of Rexford Industrial Realty by 36.1% in the 3rd quarter. Creative Planning now owns 24,381 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 6,468 shares during the period. Signaturefd LLC boosted its holdings in Rexford Industrial Realty by 22.2% in the third quarter. Signaturefd LLC now owns 2,637 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 479 shares during the last quarter. International Assets Investment Management LLC increased its position in Rexford Industrial Realty by 4,835.8% in the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,563 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Rexford Industrial Realty by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,455 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 2,182 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Rexford Industrial Realty by 1.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 130,309 shares of the real estate investment trust’s stock valued at $6,554,000 after purchasing an additional 2,421 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.