Rexford Industrial Realty Inc (NASDAQ:REXR) – Stock analysts at DA Davidson decreased their Q3 2017 EPS estimates for shares of Rexford Industrial Realty in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Oxford now expects that the company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.27. DA Davidson has a “Buy” rating and a $33.00 price objective on the stock. DA Davidson also issued estimates for Rexford Industrial Realty’s Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.97 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.07 EPS.

Rexford Industrial Realty (NASDAQ:REXR) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $36.78 million for the quarter, compared to analyst estimates of $36.75 million. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. Rexford Industrial Realty’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. TRADEMARK VIOLATION WARNING: “Q3 2017 EPS Estimates for Rexford Industrial Realty Inc Reduced by DA Davidson (REXR)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/07/q3-2017-eps-estimates-for-rexford-industrial-realty-inc-reduced-by-da-davidson-rexr.html.

Other analysts have also recently issued reports about the stock. National Securities reiterated a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of Rexford Industrial Realty in a research note on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and set a $32.00 price objective (up from $26.00) on shares of Rexford Industrial Realty in a research note on Sunday, June 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 target price (up from $27.50) on shares of Rexford Industrial Realty in a report on Wednesday, June 14th. Zacks Investment Research raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Friday, April 21st. Finally, Wunderlich reaffirmed a “hold” rating and set a $24.00 target price (up from $22.00) on shares of Rexford Industrial Realty in a report on Tuesday, May 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.71.

Rexford Industrial Realty (REXR) opened at 28.09 on Monday. Rexford Industrial Realty has a 52 week low of $20.05 and a 52 week high of $29.01. The stock has a 50 day moving average of $27.73 and a 200 day moving average of $24.99. The company has a market cap of $1.99 billion and a P/E ratio of 60.15.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.145 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a yield of 2.06%.

Several hedge funds have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC raised its stake in Rexford Industrial Realty by 13.5% in the first quarter. IndexIQ Advisors LLC now owns 71,749 shares of the company’s stock worth $1,616,000 after buying an additional 8,536 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Rexford Industrial Realty by 2.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,158 shares of the company’s stock valued at $1,445,000 after buying an additional 1,242 shares in the last quarter. Honeywell International Inc. bought a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $1,603,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Rexford Industrial Realty by 1.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,347 shares of the company’s stock valued at $233,000 after buying an additional 181 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Rexford Industrial Realty by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 1,029,288 shares of the company’s stock valued at $23,169,000 after buying an additional 80,389 shares in the last quarter.

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.

Earnings History and Estimates for Rexford Industrial Realty (NASDAQ:REXR)

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