Rexford Industrial Realty (REXR) Getting Favorable Media Coverage, Report Finds
Media headlines about Rexford Industrial Realty (NYSE:REXR) have trended positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.6939405244287 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have recently commented on REXR shares. National Securities restated a “buy” rating and issued a $34.00 price objective on shares of Rexford Industrial Realty in a research note on Monday, November 27th. Jefferies Group restated 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. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, August 22nd. Finally, FBR & Co upped their price objective on Rexford Industrial Realty from $26.00 to $27.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $30.80.
Shares of Rexford Industrial Realty (NYSE:REXR) traded down $0.32 during mid-day trading on Monday, reaching $31.02. The company’s stock had a trading volume of 575,111 shares, compared to its average volume of 473,392. Rexford Industrial Realty has a 1-year low of $21.34 and a 1-year high of $31.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $2,441.35, a price-to-earnings ratio of 33.34, a PEG ratio of 4.25 and a beta of 0.77.
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, topping the Zacks’ 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 business had revenue of $43.30 million during the quarter, compared to analyst estimates of $41.77 million. During the same quarter in the prior year, the business posted $0.22 EPS. Rexford Industrial Realty’s revenue for the quarter was up 30.0% compared to the same quarter last year. equities analysts anticipate that Rexford Industrial Realty will post 0.96 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.87%. Rexford Industrial Realty’s payout ratio 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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