Rexford Industrial Realty (REXR) Given Buy Rating at DA Davidson
Rexford Industrial Realty (NYSE:REXR)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research report issued to clients and investors on Wednesday. DA Davidson also issued estimates for Rexford Industrial Realty’s Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.29 EPS and FY2019 earnings at $1.20 EPS.
Several other research firms also recently weighed in on REXR. National Securities restated a “buy” rating and issued a $34.00 price target on shares of Rexford Industrial Realty in a research note on Monday, November 27th. JPMorgan Chase & Co. downgraded Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research note on Friday, December 15th. Citigroup increased their target price on Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. B. Riley reiterated 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.78.
Shares of Rexford Industrial Realty (REXR) opened at $27.69 on Wednesday. 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 firm has a market capitalization of $2,155.46, a P/E ratio of 57.69, a P/E/G ratio of 3.72 and a beta of 0.73. Rexford Industrial Realty has a 52 week low of $21.34 and a 52 week high of $31.71.
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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.
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