The stock of Rexford Industrial Realty Inc (NYSE:REXR) is a huge mover today! The stock decreased 2.36% or $0.52 on October 5, hitting $21.5. Rexford Industrial Realty Inc (NYSE:REXR) has risen 28.04% since March 2, 2016 and is uptrending. It has outperformed by 19.78% the S&P500.
The move comes after 8 months negative chart setup for the $1.44 billion company. It was reported on Oct, 6 by Barchart.com. We have $20.43 PT which if reached, will make NYSE:REXR worth $72.00M less.
Analysts await Rexford Industrial Realty Inc (NYSE:REXR) to report earnings on November, 2. They expect $0.22 earnings per share, up 10.00% or $0.02 from last year’s $0.2 per share. REXR’s profit will be $14.73 million for 24.43 P/E if the $0.22 EPS becomes a reality. After $0.21 actual earnings per share reported by Rexford Industrial Realty Inc for the previous quarter, Wall Street now forecasts 4.76% EPS growth.
Rexford Industrial Realty Inc (NYSE:REXR) Ratings Coverage
Out of 9 analysts covering Rexford Industrial (NYSE:REXR), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Rexford Industrial has been the topic of 12 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Wunderlich with “Hold” on Monday, May 16. On Monday, November 2 the stock rating was initiated by Capital One with “Overweight”. The company was maintained on Monday, May 16 by Hudson Square Research. The firm earned “Market Perform” rating on Tuesday, December 15 by Wells Fargo. The firm earned “Equal Weight” rating on Wednesday, February 24 by Capital One. The firm has “Hold” rating by Wunderlich given on Monday, February 22. The firm earned “Neutral” rating on Friday, September 25 by Citigroup. The rating was maintained by DA Davidson on Friday, August 26 with “Buy”. As per Wednesday, December 16, the company rating was initiated by Stifel Nicolaus.
According to Zacks Investment Research, “Rexford Industrial Realty, Inc. is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. Rexford Industrial Realty, Inc. is based in Los Angeles, California.”
Insitutional Activity: The institutional sentiment increased to 2.71 in 2016 Q2. Its up 1.74, from 0.97 in 2016Q1. The ratio improved, as 5 funds sold all Rexford Industrial Realty Inc shares owned while 30 reduced positions. 24 funds bought stakes while 71 increased positions. They now own 62.70 million shares or 14.81% more from 54.61 million shares in 2016Q1.
Credit Agricole S A accumulated 0% or 23,455 shares. Goldman Sachs Group Incorporated, a New York-based fund reported 155,693 shares. Blackrock Inv Management Limited Company has invested 0.01% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR). Kbc Gru Nv reported 21,375 shares or 0.01% of all its holdings. Northern Tru last reported 1.01 million shares in the company. Bancorp Of Montreal Can accumulated 0% or 3,059 shares. Ladenburg Thalmann Financial Service reported 1,500 shares or 0% of all its holdings. Fisher Asset Mgmt Limited Liability Co holds 0% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR) for 117,680 shares. Century Cos Incorporated last reported 0% of its portfolio in the stock. Clearbridge Ltd Liability Co accumulated 0% or 40,900 shares. Pnc Fincl Grp last reported 7,630 shares in the company. Quantbot Tech Lp has invested 0.01% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR). Guggenheim Ltd Liability Corp, a Illinois-based fund reported 292,875 shares. Stifel Financial Corp accumulated 0% or 20,947 shares. Jpmorgan Chase & owns 345,971 shares or 0% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 3 insider sales for $1.09 million net activity. Schwimmer Howard sold 11,900 shares worth $244,664. Khan Adeel sold $373,413 worth of Rexford Industrial Realty Inc (NYSE:REXR) on Monday, June 13. 23,380 Rexford Industrial Realty Inc (NYSE:REXR) shares with value of $468,956 were sold by Frankel Michael S..
More notable recent Rexford Industrial Realty Inc (NYSE:REXR) news were published by: Prnewswire.com which released: “Rexford Industrial Acquires Five-building Industrial Complex For $40.1 Million” on August 25, 2016, also Prnewswire.com with their article: “Rexford Industrial Acquires Industrial Property For $15.0 million” published on September 08, 2016, Prnewswire.com published: “Rexford Industrial Announces Pricing Of Preferred Stock Offering” on August 09, 2016. More interesting news about Rexford Industrial Realty Inc (NYSE:REXR) were released by: Prnewswire.com and their article: “Rexford Industrial Announces Public Offering of Series A Preferred Stock” published on August 08, 2016 as well as Businesswire.com‘s news article titled: “Rexford Industrial Acquires Industrial Property for $19.3 Million” with publication date: October 26, 2015.
REXR Company Profile
Rexford Industrial Realty, Inc., incorporated on January 18, 2013, is a self-administered and self-managed full-service real estate investment trust (REIT). The Firm is focused on owning, operating and acquiring industrial properties in Southern California infill markets. The Company’s consolidated portfolio consisted of approximately 119 properties with over 12.0 million rentable square feet. The Firm also owns interest in a joint venture (the JV) that indirectly owns one property with approximately 0.5 million square feet, which it also manages.
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