Rexford Industrial Realty (NYSE:REXR) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty (NYSE:REXR) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $40.00 price target on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the company. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Bank of America downgraded shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Mizuho decreased their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.42.

Rexford Industrial Realty Trading Up 1.5 %

NYSE:REXR opened at $38.83 on Tuesday. Rexford Industrial Realty has a 52 week low of $36.92 and a 52 week high of $56.14. The firm has a 50-day moving average price of $40.46 and a two-hundred day moving average price of $45.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). The business had revenue of $241.84 million for the quarter, compared to analysts’ expectations of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. On average, equities analysts expect that Rexford Industrial Realty will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rexford Industrial Realty

Institutional investors have recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Rexford Industrial Realty in the third quarter valued at $3,376,000. Asset Management One Co. Ltd. grew its holdings in Rexford Industrial Realty by 15.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock valued at $23,730,000 after buying an additional 64,264 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Rexford Industrial Realty by 62.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,234 shares of the real estate investment trust’s stock valued at $1,170,000 after buying an additional 10,064 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after buying an additional 954,202 shares during the period. Finally, M&G PLC lifted its holdings in shares of Rexford Industrial Realty by 24.0% in the third quarter. M&G PLC now owns 935,892 shares of the real estate investment trust’s stock worth $46,795,000 after buying an additional 180,940 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.