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

Rexford Industrial Realty, Inc. (NYSE:REXR) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $48.75.

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Barclays dropped their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Mizuho dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Rexford Industrial Realty in the fourth quarter worth about $33,000. UMB Bank n.a. raised its position in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rexford Industrial Realty by 515.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth about $65,000. Finally, Archer Investment Corp raised its position 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 last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $40.62 on Wednesday. The business’s fifty day simple moving average is $39.60 and its 200-day simple moving average is $44.06. The company has a market cap of $9.26 billion, a PE ratio of 33.57, a PEG ratio of 2.62 and a beta of 0.95. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty has a 12-month low of $36.92 and a 12-month high of $53.88.

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 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%. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

About Rexford Industrial Realty

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.