Rexford Industrial Realty (NYSE:REXR) Given New $38.00 Price Target at Barclays

Rexford Industrial Realty (NYSE:REXR) had its price target lowered by equities researchers at Barclays from $41.00 to $38.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential downside of 5.37% from the stock’s previous close.

Several other research analysts also recently weighed in on REXR. Mizuho dropped their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Scotiabank reduced their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Robert W. Baird dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $48.25.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $40.16 on Tuesday. The company has a market capitalization of $9.15 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a fifty day moving average of $40.31 and a 200-day moving average of $42.65. Rexford Industrial Realty has a one year low of $36.92 and a one year high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, equities analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Institutional Trading of Rexford Industrial Realty

A number of institutional investors have recently added to or reduced their stakes in REXR. Paradigm Asset Management Co. LLC bought a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $1,082,000. Charles Schwab Investment Management Inc. raised its holdings in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock valued at $107,587,000 after buying an additional 93,360 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Rexford Industrial Realty by 63.6% in the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 8,431 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rexford Industrial Realty by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after acquiring an additional 954,202 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of Rexford Industrial Realty by 760,280.0% during the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock worth $1,470,000 after acquiring an additional 38,014 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.