Rexford Industrial Realty Rating Increased to Outperform at Zacks (REXR)
Rexford Industrial Realty (NASDAQ:REXR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday. The firm currently has a $15.90 target price on the stock. Zacks‘s target price points to a potential upside of 14.55% from the company’s current price.
Shares of Rexford Industrial Realty (NASDAQ:REXR) traded down 2.74% during mid-day trading on Wednesday, hitting $13.50. 598,327 shares of the company’s stock traded hands. Rexford Industrial Realty has a 52 week low of $12.14 and a 52 week high of $15.50. The stock’s 50-day moving average is $14.0 and its 200-day moving average is $14.07. The company has a market cap of $343.2 million and a P/E ratio of 130.94.
Rexford Industrial Realty (NASDAQ:REXR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. On average, analysts predict that Rexford Industrial Realty will post $0.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, September 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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