Media coverage about Rexford Industrial Realty (NYSE:REXR) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.3776591590921 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several analysts recently commented on REXR shares. Stifel Nicolaus raised their target price on Rexford Industrial Realty from $27.50 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. FBR & Co restated a “marketperform” rating and issued a $26.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. Finally, BidaskClub cut Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Rexford Industrial Realty presently has a consensus rating of “Buy” and a consensus target price of $23.75.

Shares of Rexford Industrial Realty (NYSE:REXR) opened at 29.94 on Monday. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $30.32. The firm has a market capitalization of $2.12 billion, a PE ratio of 64.11 and a beta of 0.77. The company has a 50-day moving average price of $28.67 and a 200 day moving average price of $26.06.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s payout ratio is 128.89%.

WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Rexford Industrial Realty (REXR) Share Price” was first published by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-rexford-industrial-realty-rexr-share-price/1554271.html.

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.

Insider Buying and Selling by Quarter for Rexford Industrial Realty (NYSE:REXR)

Receive News & Ratings for Rexford Industrial Realty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.