Rexford Industrial Realty Inc (NYSE:REXR) – Equities research analysts at Jefferies Group reduced their FY2018 earnings estimates for shares of Rexford Industrial Realty in a research report issued on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.12 per share for the year, down from their previous forecast of $1.14. Jefferies Group currently has a “Buy” rating and a $34.00 target price on the stock. Jefferies Group also issued estimates for Rexford Industrial Realty’s FY2019 earnings at $1.36 EPS.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $41.77 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was up 30.0% on a year-over-year basis.

A number of other brokerages have also commented on REXR. National Securities restated a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a report on Monday, November 27th. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price for the company. in a research report on Friday, December 15th. Citigroup raised their target price on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research report on Tuesday, November 7th. Finally, BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.78.

Shares of Rexford Industrial Realty (NYSE:REXR) traded up $0.41 during trading hours on Thursday, hitting $29.08. 391,200 shares of the company were exchanged, compared to its average volume of 421,764. Rexford Industrial Realty has a fifty-two week low of $21.34 and a fifty-two week high of $31.71. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2,233.36, a price-to-earnings ratio of 67.63, a price-to-earnings-growth ratio of 3.45 and a beta of 0.77.

A number of institutional investors have recently added to or reduced their stakes in REXR. Victory Capital Management Inc. grew 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 valued at $103,000 after acquiring an additional 71 shares during the period. Stifel Financial Corp grew 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 valued at $675,000 after acquiring an additional 100 shares during the period. Advisor Group Inc. grew 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 valued at $103,000 after acquiring an additional 453 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $131,000 after acquiring an additional 469 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in shares of Rexford Industrial Realty by 8.0% in the 2nd quarter. Tudor Investment Corp ET AL now owns 14,828 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 1,093 shares during the period.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 134.89%.

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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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