Rexford Industrial Realty (REXR) Updates FY18 Earnings Guidance
Rexford Industrial Realty (NYSE:REXR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.01-$1.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.09.
Shares of Rexford Industrial Realty (NYSE REXR) traded up $0.19 during trading on Tuesday, hitting $27.67. The company’s stock had a trading volume of 480,531 shares, compared to its average volume of 436,718. Rexford Industrial Realty has a one year low of $21.34 and a one year high of $31.71. The stock has a market cap of $2,160.00, a price-to-earnings ratio of 62.89, a PEG ratio of 3.68 and a beta of 0.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57.
A number of research analysts have weighed in on REXR shares. B. Riley reissued a neutral rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a neutral rating to an underweight rating and set a $29.00 price target on the stock. in a research note on Friday, December 15th. National Securities reissued a buy rating and set a $34.00 price target on shares of Rexford Industrial Realty in a research note on Monday, November 27th. Zacks Investment Research raised Rexford Industrial Realty from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Thursday, January 4th. Finally, BidaskClub lowered Rexford Industrial Realty from a buy rating to a hold rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $30.78.
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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