Media headlines about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of media coverage by analyzing 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 coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.6291370062019 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Rexford Industrial Realty (NYSE REXR) traded down 0.07% on Friday, reaching $27.54. 847,662 shares of the company were exchanged. Rexford Industrial Realty has a 12 month low of $20.05 and a 12 month high of $29.02. The stock has a 50 day moving average price of $27.77 and a 200-day moving average price of $25.19. The stock has a market capitalization of $1.95 billion, a P/E ratio of 58.97 and a beta of 0.78.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.145 per share. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, September 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 128.89%.

A number of research analysts recently commented on REXR shares. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. FBR & Co boosted their price objective 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. Wunderlich boosted their price objective on shares of Rexford Industrial Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Stifel Nicolaus boosted their price objective on shares of Rexford Industrial Realty from $27.50 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, National Securities reaffirmed a “neutral” rating and set a $14.00 price objective on shares of Rexford Industrial Realty in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.75.

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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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