BidaskClub cut shares of Rexford Industrial Realty Inc (NASDAQ:REXR) from a buy rating to a hold rating in a report published on Wednesday.

REXR has been the subject of several other reports. Stifel Nicolaus reissued a buy rating and issued a $33.00 target price (up from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. Zacks Investment Research cut shares of Rexford Industrial Realty from a buy rating to a hold rating in a research note on Wednesday, August 30th. FBR & Co began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, July 11th. They issued a mkt perform rating and a $26.00 price objective for the company. DA Davidson restated a buy rating and issued a $33.00 price objective (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. Finally, Jefferies Group LLC restated a buy rating and issued a $32.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $30.86.

Shares of Rexford Industrial Realty (REXR) opened at 29.51 on Wednesday. The stock has a market cap of $2.09 billion and a P/E ratio of 63.19. The company’s 50-day moving average is $29.07 and its 200 day moving average is $26.46. Rexford Industrial Realty has a 1-year low of $20.05 and a 1-year high of $30.60.

Rexford Industrial Realty (NASDAQ:REXR) last posted its earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $36.78 million during the quarter, compared to the consensus estimate of $36.75 million. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. Equities research analysts anticipate that Rexford Industrial Realty will post $0.36 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 28th.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Rexford Industrial Realty by 16.2% in the second quarter. Vanguard Group Inc. now owns 9,200,033 shares of the company’s stock worth $252,449,000 after buying an additional 1,282,548 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Rexford Industrial Realty by 0.6% in the second quarter. BlackRock Inc. now owns 5,869,600 shares of the company’s stock worth $161,061,000 after buying an additional 37,038 shares during the last quarter. AEW Capital Management L P lifted its stake 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 company’s stock worth $111,924,000 after buying an additional 41,557 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Rexford Industrial Realty by 6.7% in the first quarter. Wellington Management Group LLP now owns 2,630,219 shares of the company’s stock worth $59,233,000 after buying an additional 164,973 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Rexford Industrial Realty by 1.2% in the second quarter. State Street Corp now owns 2,233,196 shares of the company’s stock worth $61,276,000 after buying an additional 25,694 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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