Rexford Industrial Realty Inc (NYSE:REXR) – Research analysts at Jefferies Financial Group boosted their FY2018 earnings per share estimates for shares of Rexford Industrial Realty in a research note issued to investors on Tuesday, August 7th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.07 per share for the year, up from their previous estimate of $1.06.

Several other brokerages have also issued reports on REXR. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. DA Davidson lowered shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their target price for the stock from $40.00 to $35.00 in a research report on Friday, June 29th. Capital One Financial upgraded shares of Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 1st. Stifel Nicolaus upped their target price on shares of Rexford Industrial Realty from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, TheStreet lowered shares of Rexford Industrial Realty from a “b” rating to a “c+” rating in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.38.

Shares of Rexford Industrial Realty opened at $31.23 on Friday, MarketBeat.com reports. Rexford Industrial Realty has a 52-week low of $26.32 and a 52-week high of $32.91. The firm has a market capitalization of $2.87 billion, a P/E ratio of 32.53, a P/E/G ratio of 3.65 and a beta of 0.70. The company has a quick ratio of 1.08, a current ratio of 8.47 and a debt-to-equity ratio of 0.48.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.20). Rexford Industrial Realty had a return on equity of 2.93% and a net margin of 20.19%. The company had revenue of $51.76 million during the quarter, compared to analysts’ expectations of $49.60 million.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, September 27th. Rexford Industrial Realty’s dividend payout ratio is presently 66.67%.

In other Rexford Industrial Realty news, Director Richard S. Ziman sold 102,043 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $31.32, for a total value of $3,195,986.76. Following the completion of the sale, the director now directly owns 64,918 shares of the company’s stock, valued at $2,033,231.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Heitman Real Estate Securities LLC lifted its stake in Rexford Industrial Realty by 21.7% in the second quarter. Heitman Real Estate Securities LLC now owns 601,769 shares of the real estate investment trust’s stock worth $21,626,000 after purchasing an additional 107,199 shares during the last quarter. United Services Automobile Association lifted its stake in Rexford Industrial Realty by 22.0% in the second quarter. United Services Automobile Association now owns 21,311 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 3,846 shares during the last quarter. Highstreet Asset Management Inc. lifted its stake in Rexford Industrial Realty by 2,215.5% in the second quarter. Highstreet Asset Management Inc. now owns 25,378 shares of the real estate investment trust’s stock worth $797,000 after purchasing an additional 24,282 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Rexford Industrial Realty by 167.4% in the second quarter. NumerixS Investment Technologies Inc now owns 11,500 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 7,200 shares during the last quarter. Finally, FMR LLC lifted its stake in Rexford Industrial Realty by 37.4% in the second quarter. FMR LLC now owns 7,561,704 shares of the real estate investment trust’s stock worth $237,361,000 after purchasing an additional 2,057,501 shares during the last quarter.

About Rexford Industrial Realty

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 158 properties with approximately 19.1 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet.

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

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