Jefferies Group LLC reiterated their buy rating on shares of Rexford Industrial Realty Inc (NASDAQ:REXR) in a report released on Tuesday. The brokerage currently has a $32.00 target price on the stock.

A number of other research firms also recently commented on REXR. Stifel Nicolaus reiterated a buy rating and set a $30.00 target price (up from $27.50) on shares of Rexford Industrial Realty in a research report on Wednesday, June 14th. DA Davidson reissued a buy rating and issued a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a report on Thursday, July 13th. FBR & Co assumed coverage on Rexford Industrial Realty in a report on Tuesday, July 11th. They issued a mkt perform rating and a $26.00 price target for the company. Wunderlich reissued a hold rating and issued a $24.00 price target (up from $22.00) on shares of Rexford Industrial Realty in a report on Tuesday, May 9th. Finally, National Securities reissued a neutral rating and issued a $23.00 price target (up from $22.00) on shares of Rexford Industrial Realty in a report on Thursday, May 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rexford Industrial Realty currently has a consensus rating of Buy and an average price target of $27.71.

Rexford Industrial Realty (NASDAQ REXR) traded up 0.14% on Tuesday, reaching $28.19. The company had a trading volume of 229,136 shares. The company’s 50-day moving average is $27.68 and its 200-day moving average is $24.89. The company has a market capitalization of $1.87 billion and a PE ratio of 72.47. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $28.47.

Rexford Industrial Realty (NASDAQ:REXR) last posted its earnings results on Wednesday, May 3rd. The company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. The company had revenue of $35.35 million for the quarter, compared to the consensus estimate of $35.53 million. Rexford Industrial Realty had a return on equity of 1.96% and a net margin of 16.18%. Rexford Industrial Realty’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. Equities analysts anticipate that Rexford Industrial Realty will post $0.19 EPS for the current fiscal year.

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The business also recently declared a dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a $0.367 dividend. The ex-dividend date of this dividend was Tuesday, June 13th.

Several institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Rexford Industrial Realty by 1.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,347 shares of the company’s stock valued at $233,000 after buying an additional 181 shares during the last quarter. Friedberg Investment Management raised its position in Rexford Industrial Realty by 0.7% in the first quarter. Friedberg Investment Management now owns 56,500 shares of the company’s stock valued at $1,272,000 after buying an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Rexford Industrial Realty by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 74,342 shares of the company’s stock valued at $1,674,000 after buying an additional 649 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Rexford Industrial Realty by 13.2% in the second quarter. Daiwa Securities Group Inc. now owns 6,000 shares of the company’s stock valued at $165,000 after buying an additional 700 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Rexford Industrial Realty by 0.8% in the first quarter. California Public Employees Retirement System now owns 95,300 shares of the company’s stock valued at $2,146,000 after buying an additional 800 shares during 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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