Rexford Industrial Realty’s (REXR) Buy Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of Rexford Industrial Realty (NYSE:REXR) in a research note released on Wednesday morning. DA Davidson also issued estimates for Rexford Industrial Realty’s Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.29 EPS and FY2019 earnings at $1.20 EPS.

Several other analysts also recently weighed in on the company. Capital One Financial downgraded Rexford Industrial Realty from an overweight rating to an equal weight rating in a research note on Wednesday. Zacks Investment Research downgraded Rexford Industrial Realty from a buy rating to a sell rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. downgraded Rexford Industrial Realty from a neutral rating to an underweight rating and set a $29.00 target price on the stock. in a research note on Friday, December 15th. National Securities reaffirmed a buy rating and set a $34.00 target price on shares of Rexford Industrial Realty in a research note on Monday, November 27th. Finally, B. Riley reaffirmed a neutral rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Rexford Industrial Realty has a consensus rating of Hold and an average target price of $30.78.

Shares of Rexford Industrial Realty (NYSE:REXR) opened at $27.69 on Wednesday. The stock has a market capitalization of $2,155.46, a P/E ratio of 57.69, a P/E/G ratio of 3.72 and a beta of 0.73. Rexford Industrial Realty has a 1-year low of $21.34 and a 1-year high of $31.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.64 annualized dividend and a yield of 2.31%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.15. Rexford Industrial Realty’s payout ratio is presently 120.83%.

Institutional investors have recently made changes to their positions in the business. Advisor Group Inc. increased its position in shares of Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 453 shares during the period. Jefferies Group LLC acquired a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $222,000. Eaton Vance Management acquired a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $229,000. BB&T Securities LLC acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at $231,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at $310,000. 99.75% of the stock is currently owned by hedge funds and other institutional investors.

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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 (NYSE:REXR)

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