Rexford Industrial Realty Inc (NASDAQ:REXR) – DA Davidson reduced their FY2017 earnings per share (EPS) estimates for Rexford Industrial Realty in a research note issued on Wednesday. DA Davidson analyst B. Oxford now forecasts that the company will post earnings of $0.96 per share for the year, down from their prior estimate of $0.97. DA Davidson currently has a “Buy” rating and a $33.00 target price on the stock. DA Davidson also issued estimates for Rexford Industrial Realty’s Q4 2017 earnings at $0.25 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.31 EPS and FY2019 earnings at $1.23 EPS.

Rexford Industrial Realty (NASDAQ:REXR) last posted its earnings results on Tuesday, October 31st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $43.30 million for the quarter, compared to analysts’ expectations of $41.77 million. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The company’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share.

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Other analysts have also recently issued research reports about the stock. National Securities upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and raised their price objective for the company from $23.00 to $32.00 in a research report on Tuesday, August 29th. Jefferies Group LLC restated a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of Rexford Industrial Realty in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, August 22nd. Stifel Nicolaus restated a “buy” rating and set a $30.00 price objective on shares of Rexford Industrial Realty in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $30.56.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, December 28th.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Rexford Industrial Realty by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 9,200,033 shares of the company’s stock worth $252,449,000 after purchasing an additional 1,282,548 shares during the period. BlackRock Inc. raised its position in Rexford Industrial Realty by 0.6% in the 2nd quarter. BlackRock Inc. now owns 5,869,600 shares of the company’s stock worth $161,061,000 after purchasing an additional 37,038 shares during the period. AEW Capital Management L P raised its position in Rexford Industrial Realty by 1.0% in the 2nd quarter. AEW Capital Management L P now owns 4,078,857 shares of the company’s stock worth $111,924,000 after purchasing an additional 41,557 shares during the period. State Street Corp raised its position in Rexford Industrial Realty by 1.2% in the 2nd quarter. State Street Corp now owns 2,233,196 shares of the company’s stock worth $61,276,000 after purchasing an additional 25,694 shares during the period. Finally, Prudential Financial Inc. raised its position in Rexford Industrial Realty by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,584,629 shares of the company’s stock worth $43,482,000 after purchasing an additional 44,630 shares during the period.

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.

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

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