Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) PT at $48.50

Rexford Industrial Realty, Inc. (NYSE:REXR) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $48.25.

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of 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. Scotiabank reduced their target price on 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. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, Mizuho lowered their target price 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.

Rexford Industrial Realty Stock Down 1.1 %

REXR stock opened at $39.72 on Friday. 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 50-day moving average of $40.32 and a two-hundred day moving average of $42.59. Rexford Industrial Realty has a 12 month low of $36.92 and a 12 month high of $52.61. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data 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%. As a group, analysts forecast that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of Rexford Industrial Realty during the third quarter worth $449,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Rexford Industrial Realty in the 3rd quarter worth about $2,225,000. Advisors Asset Management Inc. raised its holdings in Rexford Industrial Realty by 49.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 965 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Rexford Industrial Realty by 9.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 350,199 shares of the real estate investment trust’s stock valued at $17,619,000 after buying an additional 31,307 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Rexford Industrial Realty by 160.3% in the third quarter. Intech Investment Management LLC now owns 19,161 shares of the real estate investment trust’s stock worth $964,000 after buying an additional 11,800 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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.