Rexford Industrial Realty Upgraded by Zacks to “Outperform” (REXR)
Rexford Industrial Realty (NASDAQ:REXR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, American Banking News reports. The firm currently has a $14.40 price objective on the stock. Zacks‘ price target indicates a potential upside of 9.17% from the company’s current price.
Shares of Rexford Industrial Realty (NASDAQ:REXR) traded down 0.99% during mid-day trading on Tuesday, hitting $13.06. The stock had a trading volume of 79,739 shares. Rexford Industrial Realty has a 52-week low of $12.14 and a 52-week high of $14.80. The stock has a 50-day moving average of $13.43 and a 200-day moving average of $13.. The company’s market cap is $334.7 million.
Rexford Industrial Realty (NASDAQ:REXR) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.13. The company had revenue of $9.17 million for the quarter, compared to the consensus estimate of $0.92 million. Analysts expect that Rexford Industrial Realty will post $0.53 EPS for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Tuesday, January 14th. Stockholders of record on Monday, December 30th will be paid a dividend of 0.12 per share. The ex-dividend date is Thursday, December 26th.
Rexford Industrial Realty, Inc is a real estate investment trust (NASDAQ:REXR) focused on owning and operating industrial properties in Southern California infill markets.
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