BidaskClub Downgrades Rexford Industrial Realty, Inc. (REXR) to Hold

BidaskClub downgraded shares of Rexford Industrial Realty, Inc. (NYSE:REXR) from a buy rating to a hold rating in a report issued on Tuesday, July 25th.

Other research analysts have also issued reports about the company. Stifel Nicolaus upped their price target on Rexford Industrial Realty from $27.50 to $30.00 and gave the company a buy rating in a research report on Wednesday, June 14th. Wunderlich upped their price target on Rexford Industrial Realty from $22.00 to $24.00 and gave the company a hold rating in a research report on Wednesday, May 10th. FBR & Co reissued a marketperform rating and set a $26.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. Finally, National Securities reissued a neutral rating and set a $14.00 price target on shares of Rexford Industrial Realty in a research report on Friday, May 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $23.75.

Rexford Industrial Realty (NYSE REXR) traded down 0.07% on Tuesday, hitting $27.54. The stock had a trading volume of 847,662 shares. The company has a market cap of $1.95 billion, a PE ratio of 58.97 and a beta of 0.78. Rexford Industrial Realty has a one year low of $20.05 and a one year high of $29.02. The stock has a 50-day moving average of $27.77 and a 200-day moving average of $25.19.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.145 dividend. 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 yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 28th. Rexford Industrial Realty’s dividend payout ratio is presently 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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