Rexford Industrial Realty Inc (NASDAQ:REXR) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also recently weighed in on the stock. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $32.00 in a report on Tuesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, August 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of Rexford Industrial Realty in a research report on Thursday, August 24th. Finally, FBR & Co initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. They issued a “mkt perform” rating and a $26.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.56.

Rexford Industrial Realty (NASDAQ REXR) traded up $0.01 during mid-day trading on Friday, hitting $30.16. 463,552 shares of the company were exchanged, compared to its average volume of 501,399. Rexford Industrial Realty has a 1-year low of $20.05 and a 1-year high of $30.66.

Rexford Industrial Realty (NASDAQ:REXR) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The business had revenue of $43.30 million for the quarter, compared to analysts’ expectations of $41.77 million. During the same quarter last year, the company earned $0.22 EPS. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year.

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Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Rexford Industrial Realty by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,200,033 shares of the company’s stock valued at $252,449,000 after purchasing an additional 1,282,548 shares in the last quarter. BlackRock Inc. boosted its position in shares of Rexford Industrial Realty by 0.6% during the 2nd quarter. BlackRock Inc. now owns 5,869,600 shares of the company’s stock valued at $161,061,000 after purchasing an additional 37,038 shares in the last quarter. AEW Capital Management L P boosted its position in shares of Rexford Industrial Realty by 1.0% during the 2nd quarter. AEW Capital Management L P now owns 4,078,857 shares of the company’s stock valued at $111,924,000 after purchasing an additional 41,557 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Rexford Industrial Realty by 93.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the company’s stock valued at $92,613,000 after purchasing an additional 1,562,996 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Rexford Industrial Realty by 1.2% during the 2nd quarter. State Street Corp now owns 2,233,196 shares of the company’s stock valued at $61,276,000 after purchasing an additional 25,694 shares in the last quarter.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Analyst Recommendations for Rexford Industrial Realty (NASDAQ:REXR)

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