Economy

JP Morgan Cuts Rating On Rexford Industrial Realty, Inc. (REXR) To "Neutral"

JP Morgan Cuts Rating On Rexford Industrial Realty, Inc. (REXR) To

Vector Group Ltd (VGR) has $2.72 billion valuation. Investors of record on Friday, September 29th will be paid a $0.145 dividend. Manning & Napier Limited Liability Company invested in 0.08% or 346,440 shares. XPO Logistics Inc (NYSE:XPO) has risen 103.27% since September 23, 2016 and is uptrending. It has underperformed by 31.64% the S&P500.

Showing a price of $28.84, Rexford Industrial (NYSE:REXR) traded -2.40% lower on the day. SG Americas Securities LLC purchased a new position in shares of Rexford Industrial Realty in the first quarter worth $114,000. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.02% as of August 31. At present, 1 analysts call it Sell, while 5 think it is Hold. About 1.80 million shares traded or 135.95% up from the average. Hudson Square Research maintained Rexford Industrial Realty Inc (NYSE:REXR) on Monday, May 16 with "Hold" rating. It has outperformed by 19.47% the S&P500. Therefore 45% are positive. DA Davidson reissued a "buy" rating and issued a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a report on Thursday, July 13th. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, August 23.

On September 26 the stock rating was downgraded from "Overweight" to "Neutral" in a report from JP Morgan.

ILLEGAL ACTIVITY NOTICE: "Rexford Industrial Realty, Inc". On Monday, May 15 the stock rating was maintained by National Securities with "Neutral". The firm has "Hold" rating by Wunderlich given on Monday, May 16. The stock of XPO Logistics Inc (NYSE:XPO) earned "Buy" rating by Oppenheimer on Monday, July 17.

On 8/8/2017, FBR Capital released a statement for Rexford Industrial (NYSE:REXR) bumped up the target price from $26.00 to $27.00 that suggested a downside of -0.01%.

Investors sentiment increased to 1.7 in 2017 Q2. 41 funds opened positions while 113 raised stakes. State Street Corp reported 0.01% stake. Loeb Prtnrs, a New York-based fund reported 34,000 shares. Vanguard Inc has invested 0.01% in Rexford Industrial Realty Inc (NYSE:REXR). Pnc Financial Gru Incorporated invested 0% in Rexford Industrial Realty Inc (NYSE:REXR). 38,935 were accumulated by Navellier And Inc. Schroder Investment Mgmt Grp Inc holds 0.05% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR) for 1.02 million shares. Virginia Retirement Et Al invested in 142,275 shares or 0.04% of the stock.

Analysts await Rexford Industrial Realty Inc (NYSE:REXR) to report earnings on November, 1. Fisher Asset Management Lc stated it has 100,181 shares or 0% of all its holdings. Aew Capital Management L P owns 4.08 million shares or 2.73% of their United States portfolio. Khan Adeel sold 14,502 shares worth $367,804.

Rexford Industrial Realty, Inc., launched 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. It has a 16.08 P/E ratio. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.17% or 519,648 shares. Its up 0.05, from 1.6 in 2017Q1. It improved, as 26 investors sold XPO shares while 78 reduced holdings. Illinois-based Rothschild Inv Il has invested 0.09% in Vector Group Ltd (NYSE:VGR). Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Rexford Industrial Realty by 10.9% during the second quarter. Swiss National Bank & Trust has 111,616 shares for 0% of their portfolio. 106,400 are held by Bessemer Group. Texas Yale invested in 72,044 shares or 0.13% of the stock. 64,158 are held by Sumitomo Mitsui Tru. The institutional investor owned 1,021,772 shares of the company's stock after purchasing an additional 85,364 shares during the quarter. Daiwa Secs Grp reported 6,000 shares stake. The company has market cap of $1.98 billion. Clearbridge Ltd Liability Com holds 22,060 shares or 0% of its portfolio. The ex-dividend date is Thursday, September 28th. Peloton Wealth Strategists reported 28,750 shares. Gofen & Glossberg Limited Company Il owns 4,390 shares. 276.89 million shares or 2.90% more from 269.10 million shares in 2017Q1 were reported. As of the last earnings report the EPS was $0.47 and is expected to be $0.36 for the current year with 70,810,000 shares now outstanding. REXR's profit will be $17.05 million for 30.79 P/E if the $0.24 EPS becomes a reality.



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