Rexford Industrial Realty Inc (REXR) Announces Quarterly Dividend of $0.12
Rexford Industrial Realty (NASDAQ:REXR) declared a quarterly dividend on Monday, June 9th, Stock Ratings Network reports. Investors of record on Monday, June 30th will be given a dividend of 0.12 per share on Tuesday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 3.32%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Rexford Industrial Realty from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 13th. They now have a $15.20 price target on the stock. Analysts at FBR Capital Markets raised their price target on shares of Rexford Industrial Realty from $16.00 to $17.00 in a research note on Monday, March 17th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $16.10.
Shares of Rexford Industrial Realty (NASDAQ:REXR) traded down 0.41% during mid-day trading on Monday, hitting $14.44. 38,307 shares of the company’s stock traded hands. Rexford Industrial Realty has a one year low of $12.14 and a one year high of $15.50. The stock has a 50-day moving average of $14.23 and a 200-day moving average of $13.84. The company has a market cap of $367.1 million and a P/E ratio of 1115.38.
Rexford Industrial Realty (NASDAQ:REXR) last announced its earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $13.69 million for the quarter, compared to the consensus estimate of $12.13 million. On average, analysts predict that Rexford Industrial Realty will post $0.87 earnings per share for the current fiscal year.
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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