Rexford Industrial Realty (NYSE:REXR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Rexford Industrial Realty (NYSE:REXR – Get Rating) in a research note issued to investors on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on REXR. BMO Capital Markets initiated coverage on shares of Rexford Industrial Realty in a research report on Monday, February 6th. They set an outperform rating and a $77.00 price target for the company. Wells Fargo & Company increased their price target on shares of Rexford Industrial Realty to $68.00 in a research note on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of Hold and a consensus price target of $69.33.

Rexford Industrial Realty Stock Down 1.4 %

Shares of NYSE:REXR opened at $57.47 on Thursday. Rexford Industrial Realty has a 52-week low of $48.74 and a 52-week high of $84.68. The firm has a fifty day moving average of $60.85 and a 200 day moving average of $57.22. The firm has a market capitalization of $11.31 billion, a PE ratio of 62.47, a price-to-earnings-growth ratio of 3.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.53.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.52 annualized dividend and a yield of 2.64%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.32. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 136.96%.

Insider Buying and Selling

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 16,778 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $58.16, for a total value of $975,808.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Rexford Industrial Realty by 52.8% during the 3rd quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 190 shares during the period. Wetherby Asset Management Inc. increased its holdings in Rexford Industrial Realty by 2.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 6,932 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 196 shares during the last quarter. Eqis Capital Management Inc. increased its holdings in Rexford Industrial Realty by 3.2% in the 4th quarter. Eqis Capital Management Inc. now owns 6,604 shares of the real estate investment trust’s stock valued at $361,000 after acquiring an additional 202 shares during the last quarter. Landscape Capital Management L.L.C. increased its holdings in Rexford Industrial Realty by 1.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 16,179 shares of the real estate investment trust’s stock valued at $841,000 after acquiring an additional 221 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in Rexford Industrial Realty by 117.4% in the 4th quarter. CI Investments Inc. now owns 500 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 270 shares during the last quarter. 98.77% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Company Profile

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Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust. It engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.