2 weeks Ago By ABMN Staff
Rexford Industrial Realty ( NYSE:REXR – Get Free Report ) had its price objective boosted by equities research analysts at Evercore ISI from $57.00 to $58.00 in a research report issued on Monday, Benzinga reports.
The firm presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price objective suggests a potential upside of 13.15% from the stock’s previous close.
A number of other analysts also recently issued reports on REXR. Mizuho lowered their price objective on shares of Rexford Industrial Realty from $50.00 to $49.
00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $66.00 to $61.
00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Truist Financial raised their price objective on Rexford Industrial Realty from $50.00 to $54.
00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on Rexford Industrial Realty from $47.
00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Scotiabank raised their price target on Rexford Industrial Realty from $51.
00 to $55.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock.
According to MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and an average price target of $54.09. Check Out Our Latest Report on REXR Rexford Industrial Realty Trading Up 0.
1 % Rexford Industrial Realty ( NYSE:REXR – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
58 by ($0.21). Rexford Industrial Realty had a net margin of 30.
71% and a return on equity of 3.31%. The firm had revenue of $237.
60 million during the quarter, compared to analyst estimates of $227.70 million. During the same quarter in the prior year, the business earned $0.
54 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis.
Research analysts forecast that Rexford Industrial Realty will post 2.35 EPS for the current year. Insider Activity at Rexford Industrial Realty In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 30,358 shares of the firm’s stock in a transaction that occurred on Friday, July 26th.
The shares were sold at an average price of $48.86, for a total transaction of $1,483,291.88.
Following the completion of the sale, the chief executive officer now directly owns 50,673 shares in the company, valued at $2,475,882.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
In other news, CFO Laura E. Clark sold 14,185 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $50.
15, for a total value of $711,377.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, CEO Howard Schwimmer sold 30,358 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.86, for a total transaction of $1,483,291.
88. Following the completion of the transaction, the chief executive officer now owns 50,673 shares in the company, valued at $2,475,882.78.
The disclosure for this sale can be found here . 1.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Rexford Industrial Realty Several hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. Principal Securities Inc. bought a new position in shares of Rexford Industrial Realty in the fourth quarter worth $96,000.
Envestnet Portfolio Solutions Inc. acquired a new stake in Rexford Industrial Realty during the fourth quarter worth about $238,000. Securian Asset Management Inc.
increased its holdings in Rexford Industrial Realty by 1.9% in the 4th quarter. Securian Asset Management Inc.
now owns 17,815 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 330 shares during the period. Norges Bank acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at approximately $157,685,000. Finally, PNC Financial Services Group Inc.
lifted its holdings in shares of Rexford Industrial Realty by 63.2% during the 4th quarter. PNC Financial Services Group Inc.
now owns 12,797 shares of the real estate investment trust’s stock worth $718,000 after acquiring an additional 4,954 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.
Rexford Industrial Realty Company Profile ( Get Free Report ) Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Further Reading Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.
com's FREE daily email newsletter ..
