$0.25 Earnings Per Share Expected for Rexford Industrial Realty Inc (REXR) This Quarter

Wall Street analysts forecast that Rexford Industrial Realty Inc (NYSE:REXR) will announce $0.25 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Rexford Industrial Realty’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.24. Rexford Industrial Realty reported earnings of $0.23 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 13th.

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 company will report earnings of $1.07 per share, with EPS estimates ranging from $1.04 to $1.12. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Rexford Industrial Realty.

REXR has been the subject of several recent analyst reports. National Securities reiterated a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a research note on Monday, November 27th. BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “buy” rating to a “sell” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research note on Friday, December 15th. Finally, Citigroup upped their price target on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Rexford Industrial Realty presently has an average rating of “Hold” and a consensus target price of $30.78.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its stake in Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 453 shares in the last quarter. BB&T Securities LLC acquired a new position in Rexford Industrial Realty during the 3rd quarter valued at approximately $231,000. Amalgamated Bank acquired a new position in Rexford Industrial Realty during the 2nd quarter valued at approximately $232,000. Miracle Mile Advisors LLC acquired a new position in Rexford Industrial Realty during the 4th quarter valued at approximately $317,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Rexford Industrial Realty during the 2nd quarter valued at approximately $310,000.

Rexford Industrial Realty (REXR) opened at $27.39 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2,130.00, a P/E ratio of 62.25, a P/E/G ratio of 3.68 and a beta of 0.73. Rexford Industrial Realty has a 52 week low of $21.34 and a 52 week high of $31.71.

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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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