Rexford Industrial Realty, Inc. (NYSE:REXR) Receives Consensus Rating of “Hold” from Analysts

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.83.

A number of research firms have issued reports on REXR. Robert W. Baird cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Barclays reduced their target price on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, March 25th. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Scotiabank decreased their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Rush Island Management LP bought a new position in shares of Rexford Industrial Realty in the 4th quarter valued at about $132,701,000. Norges Bank acquired a new position in Rexford Industrial Realty during the fourth quarter worth approximately $104,685,000. Long Pond Capital LP bought a new stake in Rexford Industrial Realty in the fourth quarter valued at approximately $58,595,000. Northern Trust Corp raised its stake in Rexford Industrial Realty by 94.3% in the fourth quarter. Northern Trust Corp now owns 3,104,624 shares of the real estate investment trust’s stock valued at $120,025,000 after buying an additional 1,506,779 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Rexford Industrial Realty by 338.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust’s stock valued at $97,134,000 after buying an additional 1,489,876 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $39.37 on Friday. Rexford Industrial Realty has a one year low of $36.92 and a one year high of $52.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.62 and a beta of 0.98. The business has a fifty day simple moving average of $40.35 and a 200 day simple moving average of $42.42.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Sell-side analysts expect that Rexford Industrial Realty will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm 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 4.37%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 142.15%.

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.