Wall Street analysts expect that Rexford Industrial Realty Inc (NASDAQ:REXR) will report $0.23 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Rexford Industrial Realty’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Rexford Industrial Realty posted earnings per share of $0.21 in the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The company is expected to issue its next quarterly earnings results on Wednesday, August 2nd.

On average, analysts expect that Rexford Industrial Realty will report full-year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.92 to $0.97. For the next fiscal year, analysts anticipate that the company will post earnings of $1.05 per share, with EPS estimates ranging from $1.01 to $1.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Rexford Industrial Realty.

Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The firm had revenue of $35.35 million during the quarter, compared to the consensus estimate of $35.53 million. During the same period last year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 28.5% compared to the same quarter last year.

A number of brokerages recently weighed in on REXR. Stifel Nicolaus restated a “buy” rating and set a $30.00 target price (up previously from $27.50) on shares of Rexford Industrial Realty in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Wunderlich restated a “hold” rating and set a $24.00 target price (up previously from $22.00) on shares of Rexford Industrial Realty in a research report on Tuesday, May 9th. National Securities restated a “neutral” rating and set a $23.00 target price (up previously from $22.00) on shares of Rexford Industrial Realty in a research report on Thursday, May 11th. Finally, Jefferies Group LLC restated a “buy” rating and set a $32.00 target price (up previously from $26.00) on shares of Rexford Industrial Realty in a research report on Sunday, June 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.00.

Shares of Rexford Industrial Realty (REXR) opened at 27.46 on Monday. The stock has a market cap of $1.82 billion and a PE ratio of 70.59. The stock’s 50 day moving average is $27.08 and its 200 day moving average is $24.26. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $28.37.

The firm also recently disclosed a dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.367 per share. The ex-dividend date of this dividend was Tuesday, June 13th.

A number of institutional investors have recently added to or reduced their stakes in REXR. Public Employees Retirement System of Ohio raised its position in Rexford Industrial Realty by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 74,342 shares of the company’s stock valued at $1,674,000 after buying an additional 649 shares during the period. Goldman Sachs Group Inc. raised its position in Rexford Industrial Realty by 67.2% in the first quarter. Goldman Sachs Group Inc. now owns 303,974 shares of the company’s stock valued at $6,845,000 after buying an additional 122,135 shares during the period. Tudor Investment Corp ET AL acquired a new position in Rexford Industrial Realty during the first quarter valued at approximately $309,000. State Street Corp raised its position in Rexford Industrial Realty by 4.2% in the first quarter. State Street Corp now owns 2,207,502 shares of the company’s stock valued at $49,714,000 after buying an additional 89,682 shares during the period. Finally, Bank of America Corp DE raised its position in Rexford Industrial Realty by 27.9% in the first quarter. Bank of America Corp DE now owns 817,941 shares of the company’s stock valued at $18,419,000 after buying an additional 178,175 shares during the period.

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

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