Analyst Ratings for Rexford Industrial Realty Inc. (REXR)Updated: 2017-07-29
An average rating of Overweight has been given to Rexford Industrial Realty Inc. (NYSE:REXR) by analysts covering the stock. A consensus rating of Overweight was previously issued for REXR last month.
10 analysts issued ratings on the stock, where 5 gave REXR a buy rating, 0 gave an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for REXR. The maximum price target given was 33, implying potential capital gains of 17.06 percent. The lowest price target was 23, which equates to a potential downside of -18.41 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 8.33 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 122.92 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 7.67 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 83.87 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
REXR has an estimated earnings growth rate of 150.02 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. REXR has a PEG ratio of 0.49.
REXR has traded between a high of 28.47 and a low of 20.05 over the past year. The current market price is above the trailing year's low by 40.6 percent, and 0.98 percent lower than its 52-week high. REXR has a price/earnings ratio of 74.18. Investors typically compare the P/E ratio to a company's peers in the industry. The REXR value stock report compares REXR to some of its peers using value stock charts. The market cap of REXR is $1.88 billion. REXR's next earnings release will be on 0000-00-00, which is days away.