Rexford Industrial Realty, Inc. (NYSE:REXR) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Rexford Industrial Realty, Inc. (NYSE:REXR) from a hold rating to a buy rating in a report published on Friday, August 4th.

Several other research analysts also recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Rexford Industrial Realty from $27.50 to $30.00 and gave the stock a buy rating in a report on Wednesday, June 14th. National Securities restated a neutral rating and set a $14.00 price objective on shares of Rexford Industrial Realty in a report on Friday, May 12th. FBR & Co reiterated a marketperform rating and set a $26.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. Finally, Wunderlich lifted their target price on shares of Rexford Industrial Realty from $22.00 to $24.00 and gave the company a hold rating in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $23.75.

Rexford Industrial Realty (NYSE REXR) opened at 28.36 on Friday. The company has a market cap of $2.01 billion, a PE ratio of 60.73 and a beta of 0.78. Rexford Industrial Realty has a 12 month low of $20.05 and a 12 month high of $29.02. The stock’s 50 day moving average is $27.91 and its 200 day moving average is $25.37.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.145 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 28th. Rexford Industrial Realty’s payout ratio is 128.89%.

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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