Rexford Industrial Realty Inc (REXR) Scheduled to Post Earnings on Tuesday
Rexford Industrial Realty Inc (NASDAQ:REXR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Rexford Industrial Realty to post earnings of $0.05 per share for the quarter. Rexford Industrial Realty has set its FY17 guidance at $0.93-0.96 EPS.
Rexford Industrial Realty (NASDAQ:REXR) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $36.78 million during the quarter, compared to analyst estimates of $36.75 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, analysts expect Rexford Industrial Realty to post $0.36 EPS for the current fiscal year and $0.20 EPS for the next fiscal year.
Shares of Rexford Industrial Realty Inc (NASDAQ REXR) opened at 29.59 on Tuesday. The stock’s 50 day moving average price is $29.76 and its 200-day moving average price is $27.75. The stock has a market cap of $2.10 billion and a price-to-earnings ratio of 63.36. Rexford Industrial Realty Inc has a 1-year low of $20.05 and a 1-year high of $30.66.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, September 28th.
Several research firms have recently weighed in on REXR. BidaskClub downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup Inc. upped their price objective on Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, October 4th. J P Morgan Chase & Co downgraded Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research report on Tuesday, September 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.56.
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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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