Rexford Industrial Realty Inc (NASDAQ:REXR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Rexford Industrial Realty has set its FY17 guidance at $0.93-0.96 EPS.
Rexford Industrial Realty (NASDAQ:REXR) last posted its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The business had revenue of $36.78 million during the quarter, compared to the consensus estimate of $36.75 million. During the same period in the previous year, the business earned $0.22 EPS. The business’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts expect Rexford Industrial Realty to post $0.36 EPS for the current fiscal year and $0.20 EPS for the next fiscal year.
Shares of Rexford Industrial Realty Inc (NASDAQ:REXR) opened at 29.74 on Friday. Rexford Industrial Realty Inc has a 12-month low of $20.05 and a 12-month high of $30.66. The stock has a 50 day moving average price of $29.70 and a 200 day moving average price of $27.86. The stock has a market capitalization of $2.11 billion and a P/E ratio of 63.68.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.145 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.95%.
A number of equities analysts recently commented on REXR shares. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of Rexford Industrial Realty in a research note on Thursday, August 24th. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, August 31st. National Securities upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $32.00 in a research note on Tuesday, August 29th. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Rexford Industrial Realty in a research note on Friday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.56.
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About Rexford Industrial Realty
Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.
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