News coverage about Rexford Industrial Realty (NYSE:REXR) has been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.4711595899573 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Rexford Industrial Realty (NYSE REXR) traded down $0.03 during midday trading on Friday, hitting $31.34. The stock had a trading volume of 524,822 shares, compared to its average volume of 419,581. Rexford Industrial Realty has a 52 week low of $21.34 and a 52 week high of $31.71. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2,443.69, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 4.08 and a beta of 0.77.
Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $43.30 million during the quarter, compared to analyst estimates of $41.77 million. Rexford Industrial Realty had a return on equity of 3.39% and a net margin of 23.50%. Rexford Industrial Realty’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. analysts anticipate that Rexford Industrial Realty will post 0.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 134.89%.
Several research firms have recently weighed in on REXR. FBR & Co lifted their price target on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co downgraded shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Tuesday, September 26th. National Securities reaffirmed a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a report on Monday, November 27th. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Jefferies Group reiterated a “buy” rating and set a $34.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $30.80.
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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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