Analysts expect Rexford Industrial Realty Inc (NYSE:REXR) to post $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Rexford Industrial Realty’s earnings, with estimates ranging from $0.24 to $0.26. Rexford Industrial Realty reported earnings per share of $0.07 during the same quarter last year, which would indicate a positive year-over-year growth rate of 257.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Rexford Industrial Realty will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $0.97. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $1.04 to $1.14. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rexford Industrial Realty.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The business had revenue of $43.30 million during the quarter, compared to analysts’ expectations of $41.77 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 30.0% on a year-over-year basis.

A number of analysts have recently issued reports on REXR shares. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.00 to $32.00 in a research report on Tuesday, August 29th. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, August 31st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Rexford Industrial Realty currently has a consensus rating of “Buy” and a consensus price target of $30.80.

Shares of Rexford Industrial Realty (NYSE REXR) opened at $29.98 on Wednesday. The company has a market cap of $2,441.35, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 4.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72. Rexford Industrial Realty has a 12 month low of $21.34 and a 12 month high of $31.71.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 134.89%.

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of Rexford Industrial Realty by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 71 shares during the period. Stifel Financial Corp lifted its position in shares of Rexford Industrial Realty by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 24,636 shares of the real estate investment trust’s stock worth $675,000 after purchasing an additional 100 shares during the period. GAM Holding AG lifted its position in shares of Rexford Industrial Realty by 7.5% in the 2nd quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 400 shares during the period. Advisor Group Inc. lifted its position in shares of Rexford Industrial Realty by 13.6% in the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 453 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Rexford Industrial Realty by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 469 shares during the period.

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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.

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