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.
REXR was given price targets by several analysts. The most optimistic analyst gave a price target of 33, implying a possible profit of 17.06 percent. The most pessimistic analyst gave a price target of 23, which equates to a potential downside of -18.41 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 8.33 percent. The average change in earnings estimates over the last 90 days is 122.92 percent. Meanwhile, fiscal year estimates have been revised upwards by 7.67 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 83.87 percent.
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, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of REXR's earnings is estimated by analysts to be 150.02 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. REXR has a PEG ratio of 0.49.
REXR has a 52-week high of 28.47 and a 52-week low of 20.05. Currently the stock is 40.6 percent higher than its low, and 0.98 percent below the high. REXR has a P/E 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 stock has a market capitalization of $1.88 billion. REXR will post this quarters earnings in days, on 0000-00-00.