Rexford Industrial Realty, Inc. (REXR) Receives $23.75 Consensus Price Target from Analysts
Rexford Industrial Realty, Inc. (NYSE:REXR) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.75.
Several equities analysts have recently commented on REXR shares. FBR & Co restated a “marketperform” rating and set a $26.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. BidaskClub lowered shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co lowered shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 26th.
Shares of Rexford Industrial Realty (NYSE REXR) traded down 1.32% during mid-day trading on Friday, hitting $29.20. 635,886 shares of the stock traded hands. The firm’s 50 day moving average price is $29.76 and its 200-day moving average price is $27.75. Rexford Industrial Realty has a 12-month low of $20.05 and a 12-month high of $30.66. The stock has a market cap of $2.07 billion, a P/E ratio of 62.53 and a beta of 0.75.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, September 28th. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s dividend payout ratio is currently 128.89%.
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.
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