Rexford Industrial Realty (REXR) Scheduled to Post Earnings on Tuesday

Rexford Industrial Realty (NYSE:REXR) is scheduled to announce its earnings results after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Rexford Industrial Realty has set its FY18 guidance at $1.05-1.07 EPS.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.20). Rexford Industrial Realty had a net margin of 20.19% and a return on equity of 2.93%. The company had revenue of $51.76 million during the quarter, compared to analysts’ expectations of $49.60 million. On average, analysts expect Rexford Industrial Realty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:REXR opened at $30.87 on Tuesday. The company has a current ratio of 8.47, a quick ratio of 8.47 and a debt-to-equity ratio of 0.48. Rexford Industrial Realty has a 52-week low of $26.32 and a 52-week high of $32.91. The firm has a market capitalization of $2.85 billion, a PE ratio of 32.16, a P/E/G ratio of 3.62 and a beta of 0.67.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.16 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 2.07%. Rexford Industrial Realty’s dividend payout ratio is currently 66.67%.

Several research firms recently weighed in on REXR. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, October 4th. TheStreet downgraded Rexford Industrial Realty from a “b” rating to a “c+” rating in a research report on Wednesday, August 1st. DA Davidson downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $35.00 in a research report on Friday, June 29th. Finally, Capital One Financial upgraded Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.00.

In related news, Director Richard S. Ziman sold 102,043 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $31.32, for a total transaction of $3,195,986.76. Following the transaction, the director now directly owns 64,918 shares in the company, valued at $2,033,231.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 166 properties with approximately 20.3 million rentable square feet and manages an 20 properties with approximately 1.2 million rentable square feet.

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Earnings History for Rexford Industrial Realty (NYSE:REXR)

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