J P Morgan Chase & Co cut shares of Rexford Industrial Realty (NYSE:REXR) from a neutral rating to an underweight rating in a report released on Friday morning, Marketbeat.com reports. J P Morgan Chase & Co currently has $29.00 target price on the real estate investment trust’s stock.

REXR has been the topic of a number of other reports. Jefferies Group reiterated a buy rating and set a $34.00 price objective (up from $32.00) on shares of Rexford Industrial Realty in a research note on Thursday, August 24th. Zacks Investment Research raised 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. BidaskClub raised shares of Rexford Industrial Realty from a hold rating to a buy rating in a research report on Saturday, November 4th. National Securities raised shares of Rexford Industrial Realty from a hold rating to a buy rating and increased their target price for the company from $23.00 to $32.00 in a research report on Tuesday, August 29th. Finally, B. Riley reissued a neutral rating on shares of Rexford Industrial Realty in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Rexford Industrial Realty presently has an average rating of Hold and a consensus target price of $30.78.

Rexford Industrial Realty (NYSE REXR) opened at $30.80 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Rexford Industrial Realty has a one year low of $21.34 and a one year high of $31.71. The stock has a market cap of $2,382.15, a P/E ratio of 32.53, a PEG ratio of 4.15 and a beta of 0.77.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The firm had revenue of $43.30 million for the quarter, compared to the consensus estimate of $41.77 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. analysts predict that Rexford Industrial Realty will post 0.96 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.145 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.88%. Rexford Industrial Realty’s payout ratio is 134.89%.

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

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About Rexford Industrial Realty

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 (NYSE:REXR)

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