Rexford Industrial Realty Inc (NYSE:REXR) – Research analysts at Capital One Financial lifted their Q3 2018 earnings per share (EPS) estimates for shares of Rexford Industrial Realty in a research report issued to clients and investors on Tuesday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.27. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Rexford Industrial Realty’s FY2019 earnings at $1.20 EPS.
A number of other equities analysts also recently commented on REXR. BidaskClub downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a report on Tuesday, November 7th. National Securities reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Rexford Industrial Realty in a report on Monday, November 27th. Finally, JPMorgan Chase & Co. downgraded 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 report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Rexford Industrial Realty has an average rating of “Hold” and a consensus price target of $30.78.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.30%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, March 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 120.83%.
A number of hedge funds have recently bought and sold shares of REXR. Advisor Group Inc. lifted its holdings in 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 last quarter. Jefferies Group LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $222,000. Eaton Vance Management acquired a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $229,000. BB&T Securities LLC acquired a new stake in Rexford Industrial Realty in the 3rd quarter worth approximately $231,000. Finally, Newport Wealth Strategies Inc. acquired a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $299,000. Institutional investors own 99.75% of the company’s stock.
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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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