News coverage about Rexford Industrial Realty (NYSE:REXR) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.2609709311633 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Rexford Industrial Realty (REXR) traded up 0.85% during midday trading on Thursday, hitting $29.56. The stock had a trading volume of 34,910 shares. The firm’s 50 day moving average price is $29.44 and its 200 day moving average price is $27.00. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $30.60. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 63.30 and a beta of 0.75.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, September 28th. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s payout ratio is presently 128.89%.

Several equities research analysts have recently weighed in on REXR shares. FBR & Co reiterated a “marketperform” rating and issued a $26.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, July 11th. Stifel Nicolaus increased their price target on Rexford Industrial Realty from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. BidaskClub downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co downgraded Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus target price of $23.75.

TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Rexford Industrial Realty (REXR) Share Price” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at

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.

Insider Buying and Selling by Quarter for Rexford Industrial Realty (NYSE:REXR)

Receive News & Stock Ratings for Rexford Industrial Realty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc. and related stocks with our FREE daily email newsletter.