Rexford Industrial Realty (NYSE:REXR) Price Target Cut to $41.00 by Analysts at Barclays

Rexford Industrial Realty (NYSE:REXRGet Free Report) had its price target decreased by investment analysts at Barclays from $44.00 to $41.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential upside of 10.16% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Mizuho dropped their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Finally, Bank of America cut shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.27.

Check Out Our Latest Report on REXR

Rexford Industrial Realty Trading Down 2.7 %

Shares of REXR stock opened at $37.22 on Monday. Rexford Industrial Realty has a 52-week low of $36.92 and a 52-week high of $56.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50-day simple moving average of $40.66 and a two-hundred day simple moving average of $45.80. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.94 and a beta of 0.95.

Rexford Industrial Realty (NYSE:REXRGet Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The firm had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts anticipate that Rexford Industrial Realty will post 2.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of institutional investors have recently bought and sold shares of REXR. UMB Bank n.a. boosted its holdings in Rexford Industrial Realty by 164.3% in the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 447 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter worth $41,000. GAMMA Investing LLC grew its stake in shares of Rexford Industrial Realty by 111.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 976 shares in the last quarter. Archer Investment Corp boosted its stake in shares of Rexford Industrial Realty by 61.5% during the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 800 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter worth about $129,000. 99.52% of the stock is owned by institutional investors.

About Rexford Industrial Realty

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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.

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Analyst Recommendations for Rexford Industrial Realty (NYSE:REXR)

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