Rexford Industrial Realty Inc (NASDAQ:REXR) – Research analysts at Capital One Financial Corp. cut their FY2017 earnings per share estimates for Rexford Industrial Realty in a research report issued to clients and investors on Sunday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the brokerage will post earnings per share of $0.96 for the year, down from their previous forecast of $0.97. Capital One Financial Corp. also issued estimates for Rexford Industrial Realty’s FY2018 earnings at $1.07 EPS.

Rexford Industrial Realty (NASDAQ:REXR) last announced its earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. The company earned $30.61 million during the quarter, compared to the consensus estimate of $26.48 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The company’s revenue was up 34.7% on a year-over-year basis.

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

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. National Securities initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, July 12th. They issued a “neutral” rating and a $20.00 price objective on the stock. Citigroup Inc. upped their price target on shares of Rexford Industrial Realty from $18.50 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Jefferies Group restated a “buy” rating on shares of Rexford Industrial Realty in a research note on Thursday, August 18th. Finally, TheStreet upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.75.

Shares of Rexford Industrial Realty (NASDAQ:REXR) traded up 1.55% during trading on Tuesday, hitting $22.33. 103,969 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $22.18 and its 200-day moving average price is $20.93. The stock has a market cap of $1.47 billion and a PE ratio of 84.90. Rexford Industrial Realty has a 1-year low of $14.78 and a 1-year high of $23.38.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were paid a $0.135 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.54 annualized dividend and a dividend yield of 2.46%.

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in shares of Rexford Industrial Realty by 75.6% in the third quarter. BNP Paribas Arbitrage SA now owns 5,060 shares of the company’s stock worth $116,000 after buying an additional 2,178 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Rexford Industrial Realty during the second quarter worth about $131,000. Teacher Retirement System of Texas increased its stake in shares of Rexford Industrial Realty by 33.2% in the second quarter. Teacher Retirement System of Texas now owns 9,102 shares of the company’s stock worth $192,000 after buying an additional 2,271 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Rexford Industrial Realty by 16.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,241 shares of the company’s stock worth $216,000 after buying an additional 1,454 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rexford Industrial Realty during the second quarter worth about $264,000.

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. The Company’s consolidated portfolio consisted of approximately 119 properties with over 12.0 million rentable square feet.

5 Day Chart for NASDAQ:REXR

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