Analysts expect Rexford Industrial Realty, Inc. (NYSE:REXR) to report $39.44 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Rexford Industrial Realty’s earnings, with the lowest sales estimate coming in at $36.74 million and the highest estimate coming in at $42.20 million. Rexford Industrial Realty posted sales of $33.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.4%. The firm is expected to report its next earnings results after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Rexford Industrial Realty will report full year sales of $39.44 million for the current fiscal year, with estimates ranging from $145.41 million to $161.00 million. For the next year, analysts expect that the business will post sales of $181.24 million per share, with estimates ranging from $153.91 million to $209.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Rexford Industrial Realty.

A number of equities research analysts have weighed in on the company. FBR & Co boosted their price objective on Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a research note on Tuesday, August 8th. BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, J P Morgan Chase & Co lowered Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Rexford Industrial Realty has an average rating of “Hold” and an average target price of $23.75.

Rexford Industrial Realty (REXR) opened at 29.74 on Monday. The company has a 50-day moving average of $29.70 and a 200 day moving average of $27.86. The firm has a market cap of $2.11 billion, a P/E ratio of 63.68 and a beta of 0.75. Rexford Industrial Realty has a one year low of $20.05 and a one 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 issued a $0.145 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s payout ratio is presently 128.89%.

WARNING: “$39.44 Million in Sales Expected for Rexford Industrial Realty, Inc. (REXR) This Quarter” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/30/39-44-million-in-sales-expected-for-rexford-industrial-realty-inc-rexr-this-quarter.html.

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.

Get a free copy of the Zacks research report on Rexford Industrial Realty (REXR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rexford Industrial Realty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.