Rexford Industrial Realty Inc (REXR) PT Raised to $30.00 at Citigroup Inc.
Rexford Industrial Realty Inc (NASDAQ:REXR) had its price objective raised by Citigroup Inc. from $28.50 to $30.00 in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s price objective points to a potential downside of 1.19% from the stock’s previous close.
Several other brokerages have also recently issued reports on REXR. Zacks Investment Research cut Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. J P Morgan Chase & Co cut Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research report on Tuesday, September 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, September 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.56.
Shares of Rexford Industrial Realty (REXR) traded down 0.445% during trading on Tuesday, hitting $30.225. The company had a trading volume of 186,890 shares. The stock has a market capitalization of $2.14 billion and a price-to-earnings ratio of 64.722. The stock has a 50-day moving average of $29.69 and a 200 day moving average of $27.44. Rexford Industrial Realty has a 12-month low of $20.05 and a 12-month high of $30.66.
Rexford Industrial Realty (NASDAQ:REXR) last announced its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $36.78 million for the quarter, compared to analysts’ expectations of $36.75 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. Rexford Industrial Realty’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts predict that Rexford Industrial Realty will post $0.36 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in Rexford Industrial Realty by 1.9% in the second quarter. Victory Capital Management Inc. now owns 3,743 shares of the company’s stock worth $103,000 after purchasing an additional 71 shares during the last quarter. Advisor Group Inc. boosted its position in Rexford Industrial Realty by 13.6% in the second quarter. Advisor Group Inc. now owns 3,787 shares of the company’s stock worth $103,000 after purchasing an additional 453 shares during the last quarter. SG Americas Securities LLC purchased a new position in Rexford Industrial Realty in the first quarter worth $114,000. Ameritas Investment Partners Inc. purchased a new position in Rexford Industrial Realty in the first quarter worth $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Rexford Industrial Realty by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the company’s stock worth $131,000 after purchasing an additional 469 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.
Receive News & Ratings for Rexford Industrial Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.