Rexford Industrial Realty (REXR) Updates FY18 Earnings Guidance

Rexford Industrial Realty (NYSE:REXR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.01-$1.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.09.

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Rexford Industrial Realty from a buy rating to a sell rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. cut 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 report on Friday, December 15th. National Securities reaffirmed a buy rating and issued a $34.00 price target on shares of Rexford Industrial Realty in a research report on Monday, November 27th. 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $30.78.

Shares of Rexford Industrial Realty (REXR) traded up $0.19 on Tuesday, hitting $27.67. 480,531 shares of the stock traded hands, compared to its average volume of 436,718. Rexford Industrial Realty has a 52-week low of $21.34 and a 52-week high of $31.71. The stock has a market cap of $2,160.00, a PE ratio of 62.89, a PEG ratio of 3.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72.

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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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