Zacks Investment Research lowered shares of Rexford Industrial Realty (NYSE:REXR) from a buy rating to a hold rating in a research note released on Friday.

According to Zacks, “Rexford Industrial Realty, Inc. is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. Rexford Industrial Realty, Inc. is based in Los Angeles, California. “

Several other equities analysts have also recently weighed in on the company. B. Riley restated a neutral rating on shares of Rexford Industrial Realty in a report on Tuesday, November 7th. JPMorgan Chase & Co. cut Rexford Industrial Realty from a neutral rating to an underweight rating and set a $29.00 price target for the company. in a report on Friday, December 15th. National Securities reiterated a buy rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a report on Monday, November 27th. BidaskClub cut Rexford Industrial Realty from a buy rating to a hold rating in a report on Monday, October 23rd. Finally, Citigroup lifted their target price on Rexford Industrial Realty from $28.50 to $30.00 and gave the stock a neutral rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $30.78.

Rexford Industrial Realty (NYSE:REXR) opened at $28.79 on Friday. The firm has a market capitalization of $2,242.71, a P/E ratio of 66.96, a price-to-earnings-growth ratio of 3.47 and a beta of 0.77. 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 1-year low of $21.34 and a 1-year high of $31.71.

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

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 134.89%.

Several institutional investors have recently made changes to their positions in REXR. Schwab Charles Investment Management Inc. boosted its holdings in shares of Rexford Industrial Realty by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 625,509 shares of the real estate investment trust’s stock worth $17,164,000 after purchasing an additional 45,635 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Rexford Industrial Realty by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 71 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter worth approximately $222,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Rexford Industrial Realty by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 469 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Rexford Industrial Realty by 2.8% in the 2nd quarter. Swiss National Bank now owns 111,616 shares of the real estate investment trust’s stock worth $3,063,000 after purchasing an additional 3,000 shares during the period.

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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.

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