Rexford Industrial Realty Inc (REXR) Given Buy Rating at Jefferies Group LLC

Rexford Industrial Realty Inc (NASDAQ:REXR)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a research note issued on Tuesday, July 25th. They currently have a $32.00 target price on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 16.19% from the company’s previous close.

REXR has been the topic of several other research reports. Zacks Investment Research raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. National Securities reaffirmed a “neutral” rating and set a $23.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a research report on Thursday, May 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price target (up previously from $27.50) on shares of Rexford Industrial Realty in a research report on Wednesday, June 14th. Wunderlich reaffirmed a “hold” rating and set a $24.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a research report on Tuesday, May 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 price target (up previously from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $27.86.

Shares of Rexford Industrial Realty (NASDAQ REXR) traded down 0.07% during midday trading on Tuesday, reaching $27.54. The company had a trading volume of 847,662 shares. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $29.02. The company’s 50 day moving average price is $27.77 and its 200 day moving average price is $25.19. The stock has a market capitalization of $1.95 billion and a PE ratio of 58.97.

Rexford Industrial Realty (NASDAQ:REXR) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $36.78 million for the quarter, compared to analyst estimates of $36.75 million. Rexford Industrial Realty had a return on equity of 1.96% and a net margin of 16.18%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Equities research analysts expect that Rexford Industrial Realty will post $0.29 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of Rexford Industrial Realty by 1.9% in the second quarter. Victory Capital Management Inc. now owns 3,743 shares of the company’s stock valued at $103,000 after buying an additional 71 shares during the period. Advisor Group Inc. increased its position in shares of Rexford Industrial Realty by 13.6% in the second quarter. Advisor Group Inc. now owns 3,787 shares of the company’s stock valued at $103,000 after buying an additional 453 shares during the period. SG Americas Securities LLC bought a new position in shares of Rexford Industrial Realty during the first quarter valued at $114,000. Daiwa Securities Group Inc. increased its position in shares of Rexford Industrial Realty by 51.4% in the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock valued at $119,000 after buying an additional 1,800 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Rexford Industrial Realty during the first quarter valued at $128,000.

About Rexford Industrial Realty

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 (NASDAQ:REXR)

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