Rexford Industrial Realty’s (REXR) “Neutral” Rating Reaffirmed at B. Riley

Rexford Industrial Realty, Inc. (NYSE:REXR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at B. Riley in a research note issued to investors on Tuesday, November 7th.

Other equities analysts have also issued reports about the stock. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $32.00 in a research report on Tuesday, August 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 price target (up previously from $32.00) on shares of Rexford Industrial Realty in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, August 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Rexford Industrial Realty in a report on Friday, July 14th. Finally, DA Davidson reiterated a “buy” rating and issued a $33.00 price target (up previously from $30.00) on shares of Rexford Industrial Realty in a report on Thursday, July 13th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Rexford Industrial Realty has a consensus rating of “Buy” and an average target price of $30.60.

Rexford Industrial Realty (REXR) opened at $30.19 on Tuesday. The company has a market cap of $2,351.77, a P/E ratio of 32.12, a P/E/G ratio of 3.93 and a beta of 0.75. 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 has a 1 year low of $21.34 and a 1 year high of $30.66.

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

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Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. grew its stake in shares of Rexford Industrial Realty by 2.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,584,629 shares of the real estate investment trust’s stock worth $43,482,000 after purchasing an additional 44,630 shares during the period. Legal & General Group Plc grew its stake in shares of Rexford Industrial Realty by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 605,279 shares of the real estate investment trust’s stock worth $16,609,000 after purchasing an additional 45,667 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $4,124,000. UBS Asset Management Americas Inc. grew its stake in shares of Rexford Industrial Realty by 7.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 126,770 shares of the real estate investment trust’s stock worth $3,479,000 after purchasing an additional 9,221 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Rexford Industrial Realty by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 7,917,485 shares of the real estate investment trust’s stock worth $178,301,000 after purchasing an additional 91,731 shares during the period. 96.15% of the stock is currently owned by institutional investors and hedge funds.

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)

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