Equities research analysts expect Rexford Industrial Realty, Inc. (NYSE:REXR) to announce earnings per share of $0.24 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Rexford Industrial Realty’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.21. Rexford Industrial Realty posted earnings of $0.03 per share in the same quarter last year, which indicates a positive year over year growth rate of 700%. The firm is scheduled to report its next earnings results on Wednesday, November 1st.
On average, analysts expect that Rexford Industrial Realty will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.95 to $0.98. For the next year, analysts anticipate that the business will report earnings of $1.07 per share, with EPS estimates ranging from $1.03 to $1.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Rexford Industrial Realty.
A number of analysts have recently issued reports on REXR shares. Stifel Nicolaus increased their price objective on shares of Rexford Industrial Realty from $27.50 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. FBR & Co reissued a “marketperform” rating and issued a $26.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, July 11th. BidaskClub cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, J P Morgan Chase & Co cut shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.75.
Shares of Rexford Industrial Realty (NYSE REXR) traded up 0.388% on Monday, reaching $29.735. 71,841 shares of the company’s stock traded hands. The firm’s 50-day moving average is $29.50 and its 200-day moving average is $27.07. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $30.60. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 63.672 and a beta of 0.75.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.145 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.96%. Rexford Industrial Realty’s dividend payout ratio is currently 128.89%.
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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