DA Davidson Weighs in on Rexford Industrial Realty Inc’s Q1 2018 Earnings (REXR)

Rexford Industrial Realty Inc (NYSE:REXR) – Equities researchers at DA Davidson reduced their Q1 2018 EPS estimates for Rexford Industrial Realty in a research report issued on Wednesday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.26. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Rexford Industrial Realty’s Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.29 EPS and FY2019 earnings at $1.20 EPS.

REXR has been the topic of several other research reports. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Thursday, January 4th. Capital One Financial downgraded shares of Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research report on Friday, December 15th. Finally, BidaskClub downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.78.

Rexford Industrial Realty (NYSE REXR) opened at $27.69 on Thursday. The stock has a market cap of $2,155.46, a P/E ratio of 57.69, a PEG ratio of 3.72 and a beta of 0.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. Rexford Industrial Realty has a 52 week low of $21.34 and a 52 week high of $31.71.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.16 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, March 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 120.83%.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Rexford Industrial Realty by 9.1% during the fourth quarter. BlackRock Inc. now owns 7,037,823 shares of the real estate investment trust’s stock worth $205,221,000 after purchasing an additional 588,051 shares during the period. Deutsche Bank AG boosted its holdings in shares of Rexford Industrial Realty by 1.2% during the fourth quarter. Deutsche Bank AG now owns 6,101,827 shares of the real estate investment trust’s stock worth $177,925,000 after purchasing an additional 73,254 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 93.4% during the third quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the real estate investment trust’s stock worth $92,613,000 after purchasing an additional 1,562,996 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Rexford Industrial Realty by 0.9% during the fourth quarter. Teachers Advisors LLC now owns 2,462,427 shares of the real estate investment trust’s stock worth $71,804,000 after purchasing an additional 21,827 shares during the period. Finally, State Street Corp boosted its holdings in shares of Rexford Industrial Realty by 1.2% during the second quarter. State Street Corp now owns 2,233,196 shares of the real estate investment trust’s stock worth $61,276,000 after purchasing an additional 25,694 shares during the period. Institutional investors and hedge funds own 99.75% of the company’s stock.

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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.

Earnings History and Estimates for Rexford Industrial Realty (NYSE:REXR)

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