Rexford Industrial Realty, Inc. (NYSE:REXR) Receives Average Recommendation of “Hold” from Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $49.42.

A number of research analysts have issued reports on the company. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $49.00 in a report on Monday, October 21st. Truist Financial decreased their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. StockNews.com lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Barclays decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Finally, Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research report on Friday, October 18th.

Institutional Trading of Rexford Industrial Realty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Rexford Industrial Realty during the third quarter worth $3,376,000. Asset Management One Co. Ltd. boosted 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 acquiring an additional 64,264 shares during the period. JPMorgan Chase & Co. grew its position in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after acquiring an additional 954,202 shares in the last quarter. M&G PLC increased its stake in Rexford Industrial Realty by 24.0% during the third quarter. M&G PLC now owns 935,892 shares of the real estate investment trust’s stock worth $46,795,000 after purchasing an additional 180,940 shares during the period. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of Rexford Industrial Realty during the third quarter worth about $2,215,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 0.2 %

Shares of NYSE:REXR opened at $40.65 on Friday. 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 52-week low of $36.92 and a 52-week high of $54.60. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.20 and a beta of 0.95. The business has a 50-day moving average price of $39.90 and a 200-day moving average price of $45.16.

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.