Rexford Industrial Realty Inc (NASDAQ:REXR) – Capital One Financial Corp. upped their FY2016 earnings per share (EPS) estimates for shares of Rexford Industrial Realty in a report released on Monday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the brokerage will post earnings per share of $0.88 for the year, up from their previous forecast of $0.87. Capital One Financial Corp. also issued estimates for Rexford Industrial Realty’s FY2018 earnings at $1.12 EPS.

Rexford Industrial Realty (NASDAQ:REXR) last posted its earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $32.94 million for the quarter, compared to analyst estimates of $27.68 million. The company’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share.

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

A number of other brokerages also recently weighed in on REXR. TheStreet raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Thursday, October 20th. National Securities reissued a “hold” rating and issued a $22.00 price target (up from $20.00) on shares of Rexford Industrial Realty in a report on Thursday, August 4th. DA Davidson increased their price target on shares of Rexford Industrial Realty from $22.06 to $27.00 and gave the company a “buy” rating in a report on Friday, August 26th. Finally, Jefferies Group reissued a “buy” rating on shares of Rexford Industrial Realty in a report on Thursday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Rexford Industrial Realty currently has a consensus rating of “Buy” and a consensus price target of $23.50.

Rexford Industrial Realty (NASDAQ:REXR) opened at 20.47 on Wednesday. Rexford Industrial Realty has a 1-year low of $15.14 and a 1-year high of $23.38. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 72.85. The firm’s 50-day moving average is $21.74 and its 200-day moving average is $21.27.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Rexford Industrial Realty by 19.7% in the second quarter. Vanguard Group Inc. now owns 7,714,295 shares of the company’s stock worth $162,694,000 after buying an additional 1,267,630 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Rexford Industrial Realty by 19.3% in the second quarter. Teachers Advisors Inc. now owns 4,254,664 shares of the company’s stock worth $89,731,000 after buying an additional 689,245 shares during the period. Aew Capital Management L P boosted its stake in shares of Rexford Industrial Realty by 6.3% in the second quarter. Aew Capital Management L P now owns 4,114,729 shares of the company’s stock worth $86,780,000 after buying an additional 245,400 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Rexford Industrial Realty by 29.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,466,263 shares of the company’s stock worth $52,013,000 after buying an additional 558,254 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Rexford Industrial Realty by 2.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,951,113 shares of the company’s stock worth $41,149,000 after buying an additional 54,951 shares during the period.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Wednesday, December 28th.

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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