Rexford Industrial Realty (NYSE:REXR) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

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

Other research analysts have also recently issued research reports about the company. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $49.00 in a research note on Monday, October 21st. Barclays reduced their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research report on Monday. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Finally, Scotiabank downgraded shares of 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 note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.42.

Rexford Industrial Realty Trading Up 2.7 %

Shares of REXR stock opened at $39.81 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. Rexford Industrial Realty has a fifty-two week low of $36.92 and a fifty-two week high of $56.14. The firm’s 50 day moving average price is $40.33 and its two-hundred day moving average price is $45.63. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95.

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

Institutional Trading of Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in REXR. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth about $3,376,000. Asset Management One Co. Ltd. grew its stake in Rexford Industrial Realty by 15.8% in the third quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock worth $23,730,000 after purchasing an additional 64,264 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Rexford Industrial Realty by 62.2% in the second 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 during the last quarter. JPMorgan Chase & Co. raised its stake in 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 in the last quarter. Finally, M&G PLC lifted its holdings in Rexford Industrial Realty by 24.0% during the 3rd 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 during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

About Rexford Industrial Realty

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.