Rexford Industrial Realty Inc (NYSE:REXR) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $30.50.

Several equities research analysts have recently commented on the company. National Securities restated a “buy” rating and set a $34.00 price target on shares of Rexford Industrial Realty in a research note on Monday, November 27th. JPMorgan Chase & Co. cut Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price target for the company. in a research note on Friday, December 15th. Citigroup upped their price target on Rexford Industrial Realty from $28.50 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. B. Riley restated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th.

Several institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in shares of Rexford Industrial Realty by 12.7% during the fourth quarter. American International Group Inc. now owns 52,097 shares of the real estate investment trust’s stock worth $1,519,000 after purchasing an additional 5,855 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Rexford Industrial Realty by 22.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 170,796 shares of the real estate investment trust’s stock worth $4,980,000 after acquiring an additional 31,299 shares during the period. BlackRock Inc. grew its holdings in Rexford Industrial Realty by 9.1% during the fourth quarter. BlackRock Inc. now owns 7,037,823 shares of the real estate investment trust’s stock worth $205,221,000 after acquiring an additional 588,051 shares during the period. Schroder Investment Management Group grew its holdings in Rexford Industrial Realty by 6.6% during the fourth quarter. Schroder Investment Management Group now owns 1,135,577 shares of the real estate investment trust’s stock worth $33,113,000 after acquiring an additional 70,077 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Rexford Industrial Realty by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 592,789 shares of the real estate investment trust’s stock worth $17,285,000 after acquiring an additional 6,602 shares during the period.

Rexford Industrial Realty (NYSE REXR) traded up $0.99 during trading on Tuesday, hitting $27.39. The stock had a trading volume of 562,251 shares, compared to its average volume of 428,894. Rexford Industrial Realty has a twelve month low of $21.34 and a twelve month 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 stock has a market capitalization of $2,130.00, a PE ratio of 62.25, a PEG ratio of 3.68 and a beta of 0.73.

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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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