Brokerages predict that Rexford Industrial Realty Inc (NYSE:REXR) will post $46.54 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Rexford Industrial Realty’s earnings. The lowest sales estimate is $43.56 million and the highest is $49.64 million. Rexford Industrial Realty reported sales of $35.35 million in the same quarter last year, which indicates a positive year over year growth rate of 31.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Rexford Industrial Realty will report full-year sales of $46.54 million for the current financial year, with estimates ranging from $176.47 million to $212.70 million. For the next financial year, analysts forecast that the firm will report sales of $220.57 million per share, with estimates ranging from $182.89 million to $260.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Rexford Industrial Realty.

Several analysts recently issued reports on the company. Citigroup increased their price target on Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. Zacks Investment Research downgraded Rexford Industrial Realty from a “buy” rating to a “sell” rating in a report on Thursday, January 25th. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. National Securities reiterated a “buy” rating and issued a $34.00 price target on shares of Rexford Industrial Realty in a report on Monday, November 27th. Finally, JPMorgan Chase & Co. downgraded Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price target for the company. in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $30.78.

Shares of Rexford Industrial Realty (NYSE REXR) opened at $27.67 on Wednesday. Rexford Industrial Realty has a twelve month low of $21.34 and a twelve month high of $31.71. The company has a market capitalization of $2,140.66, a price-to-earnings ratio of 29.23, a PEG ratio of 3.69 and a beta of 0.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57.

Several institutional investors have recently made changes to their positions in the company. Stifel Financial Corp grew its stake in shares of Rexford Industrial Realty by 0.4% during the second quarter. Stifel Financial Corp now owns 24,636 shares of the real estate investment trust’s stock valued at $675,000 after acquiring an additional 100 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Rexford Industrial Realty by 13.6% during the second quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 453 shares in the last quarter. BT Investment Management Ltd grew its stake in shares of Rexford Industrial Realty by 1.3% during the third quarter. BT Investment Management Ltd now owns 147,000 shares of the real estate investment trust’s stock valued at $4,207,000 after acquiring an additional 1,900 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Rexford Industrial Realty by 2.2% during the second quarter. New York State Common Retirement Fund now owns 99,943 shares of the real estate investment trust’s stock valued at $2,742,000 after acquiring an additional 2,199 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in shares of Rexford Industrial Realty by 0.3% during the fourth quarter. Kennedy Capital Management Inc. now owns 856,936 shares of the real estate investment trust’s stock valued at $24,988,000 after acquiring an additional 2,744 shares in the last quarter. Institutional investors own 99.75% of the company’s stock.

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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.

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