News articles about Rexford Industrial Realty (NYSE:REXR) have trended positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.8083081597932 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, August 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of Rexford Industrial Realty in a research note on Thursday, August 24th. National Securities raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $32.00 in a research note on Tuesday, August 29th. BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price objective (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, September 14th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Rexford Industrial Realty has an average rating of “Buy” and a consensus target price of $30.80.
Rexford Industrial Realty (NYSE:REXR) opened at $30.94 on Friday. 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 company has a market capitalization of $2,359.56, a P/E ratio of 32.22, a P/E/G ratio of 4.11 and a beta of 0.77. Rexford Industrial Realty has a 12 month low of $21.34 and a 12 month high of $31.71.
Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a return on equity of 3.39% and a net margin of 23.50%. The firm had revenue of $43.30 million for the quarter, compared to analyst estimates of $41.77 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 30.0% compared to the same quarter last year. analysts predict that Rexford Industrial Realty will post 0.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 134.89%.
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Rexford Industrial Realty Company Profile
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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