Barclays Increases Rexford Industrial Realty (NYSE:REXR) Price Target to $46.00

Rexford Industrial Realty (NYSE:REXR) had its price target raised by research analysts at Barclays from $45.00 to $46.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 8.13% from the company’s current price.

Other research analysts have also recently issued reports about the company. Mizuho reiterated a “neutral” rating and issued a $52.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, April 2nd. Robert W. Baird reiterated a “neutral” rating and issued a $61.00 target price (up from $53.00) on shares of Rexford Industrial Realty in a research report on Friday, January 5th. Truist Financial reduced their price target on Rexford Industrial Realty from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 price objective for the company. in a report on Wednesday, February 7th. Finally, Wedbush initiated coverage on shares of Rexford Industrial Realty in a report on Monday. They set a “neutral” rating and a $45.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.73.

Rexford Industrial Realty Trading Down 2.7 %

Shares of REXR stock opened at $42.54 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 3.21. Rexford Industrial Realty has a fifty-two week low of $41.56 and a fifty-two week high of $58.02. The company has a market cap of $9.27 billion, a PE ratio of 39.03, a P/E/G ratio of 1.90 and a beta of 0.86. The stock’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $50.51.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.30). The business had revenue of $214.10 million during the quarter, compared to analyst estimates of $207.39 million. Rexford Industrial Realty had a net margin of 28.84% and a return on equity of 3.04%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Equities analysts predict that Rexford Industrial Realty will post 2.33 EPS for the current fiscal year.

Insider Activity at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.69, for a total transaction of $954,373.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $41,000. Fifth Third Bancorp grew its position in shares of Rexford Industrial Realty by 58.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 411 shares in the last quarter. Quarry LP increased its holdings in shares of Rexford Industrial Realty by 195.8% in the fourth quarter. Quarry LP now owns 1,118 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 740 shares during the period. Principal Securities Inc. purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter worth $96,000. Finally, Ninepoint Partners LP bought a new stake in Rexford Industrial Realty during the third quarter valued at $108,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.