Media stories about Rexford Industrial Realty (NASDAQ:REXR) have trended very positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. 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 news sentiment score of 0.56 on Accern’s scale. Accern also assigned news articles about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Rexford Industrial Realty (REXR) opened at 27.46 on Monday. Rexford Industrial Realty has a 52 week low of $20.05 and a 52 week high of $28.37. The company has a market capitalization of $1.82 billion and a P/E ratio of 70.59. The company’s 50-day moving average price is $27.08 and its 200-day moving average price is $24.26.
Rexford Industrial Realty (NASDAQ:REXR) last released its earnings results on Wednesday, May 3rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $35.35 million during the quarter, compared to analysts’ expectations of $35.53 million. Rexford Industrial Realty had a return on equity of 1.96% and a net margin of 16.18%. The business’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. On average, equities analysts forecast that Rexford Industrial Realty will post $0.20 EPS for the current fiscal year.
The company also recently announced a dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a $0.367 dividend. The ex-dividend date of this dividend was Tuesday, June 13th.
Several equities research analysts recently issued reports on REXR shares. National Securities reissued a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of Rexford Industrial Realty in a research report on Thursday, May 11th. Zacks Investment Research raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Jefferies Group LLC restated a “buy” rating and set a $26.00 price objective on shares of Rexford Industrial Realty in a research note on Monday, March 20th. Wunderlich restated a “hold” rating and set a $24.00 price objective (up from $22.00) on shares of Rexford Industrial Realty in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $30.00 price objective (up from $27.50) on shares of Rexford Industrial Realty in a research note on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.00.
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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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