Rexford Industrial Realty (NYSE:REXR) released its earnings results on Tuesday. The real estate investment trust reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06, MarketWatch Earnings reports. Rexford Industrial Realty had a return on equity of 2.96% and a net margin of 25.70%. The firm had revenue of $104.24 million during the quarter, compared to the consensus estimate of $103.03 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 30.7% compared to the same quarter last year.
REXR traded down $0.17 on Thursday, reaching $60.36. The stock had a trading volume of 45,698 shares, compared to its average volume of 800,087. Rexford Industrial Realty has a fifty-two week low of $39.33 and a fifty-two week high of $60.91. The firm’s 50-day moving average price is $57.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market cap of $8.09 billion, a P/E ratio of 100.88, a price-to-earnings-growth ratio of 4.64 and a beta of 0.62.
In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 77,670 shares of the company’s stock in a transaction dated Monday, April 26th. The stock was sold at an average price of $55.26, for a total value of $4,292,044.20. Following the completion of the transaction, the chief executive officer now owns 55,170 shares of the company’s stock, valued at approximately $3,048,694.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Frankel sold 6,195 shares of the company’s stock in a transaction dated Wednesday, April 28th. The stock was sold at an average price of $55.54, for a total value of $344,070.30. Following the completion of the transaction, the chief executive officer now directly owns 55,170 shares of the company’s stock, valued at approximately $3,064,141.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,675 shares of company stock valued at $4,791,620. Insiders own 1.50% of the company’s stock.
About Rexford Industrial Realty
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
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