Rexford Industrial Realty (REXR) PT Set at $30.00 by B. Riley

Rexford Industrial Realty (NYSE:REXR) received a $30.00 price objective from investment analysts at B. Riley in a report issued on Tuesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price indicates a potential upside of 11.52% from the company’s current price. B. Riley also issued estimates for Rexford Industrial Realty’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.10 EPS.

Several other research analysts also recently weighed in on REXR. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Capital One Financial downgraded shares of Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 14th. DA Davidson reaffirmed a “buy” rating on shares of Rexford Industrial Realty in a report on Wednesday, February 14th. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Finally, National Securities reaffirmed a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Rexford Industrial Realty currently has an average rating of “Hold” and an average price target of $30.70.

Shares of Rexford Industrial Realty (REXR) opened at $26.90 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2,193.18, a price-to-earnings ratio of 56.04, a PEG ratio of 4.07 and a beta of 0.73. Rexford Industrial Realty has a 12 month low of $21.34 and a 12 month high of $31.71.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.10). The company had revenue of $45.88 million during the quarter, compared to analysts’ expectations of $45.29 million. Rexford Industrial Realty had a return on equity of 4.01% and a net margin of 25.23%. research analysts anticipate that Rexford Industrial Realty will post 1.04 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Rexford Industrial Realty by 9.1% during the 4th quarter. BlackRock Inc. now owns 7,037,823 shares of the real estate investment trust’s stock valued at $205,221,000 after purchasing an additional 588,051 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Rexford Industrial Realty by 1.2% during the 4th quarter. Deutsche Bank AG now owns 6,101,827 shares of the real estate investment trust’s stock valued at $177,925,000 after purchasing an additional 73,254 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 93.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the real estate investment trust’s stock valued at $92,613,000 after purchasing an additional 1,562,996 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Rexford Industrial Realty by 0.9% during the 4th quarter. Teachers Advisors LLC now owns 2,462,427 shares of the real estate investment trust’s stock valued at $71,804,000 after purchasing an additional 21,827 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Rexford Industrial Realty by 1.2% during the 2nd quarter. State Street Corp now owns 2,233,196 shares of the real estate investment trust’s stock valued at $61,276,000 after purchasing an additional 25,694 shares during the last quarter.

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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.

Analyst Recommendations for Rexford Industrial Realty (NYSE:REXR)

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