News coverage about Rexford Industrial Realty (NASDAQ:REXR) has trended somewhat negative this week, according to Alpha One Sentiment. Alpha One, a division of Accern, scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a daily sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 86 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
A number of analysts have issued reports on REXR shares. Wunderlich reissued a “hold” rating and issued a $24.00 target price (up from $22.00) on shares of Rexford Industrial Realty in a research report on Tuesday, May 9th. Zacks Investment Research raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. National Securities reiterated a “neutral” rating and issued a $23.00 price target (up from $22.00) on shares of Rexford Industrial Realty in a research report on Thursday, May 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price target on shares of Rexford Industrial Realty in a research report on Monday, March 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $24.67.
Shares of Rexford Industrial Realty (NASDAQ:REXR) opened at 26.24 on Friday. Rexford Industrial Realty has a 1-year low of $19.32 and a 1-year high of $26.40. The company has a market cap of $1.74 billion and a price-to-earnings ratio of 67.46. The company’s 50-day moving average price is $24.67 and its 200 day moving average price is $23.06.
Rexford Industrial Realty (NASDAQ:REXR) last released its earnings results on Wednesday, May 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The business had revenue of $35.35 million for the quarter, compared to analyst estimates of $35.53 million. Rexford Industrial Realty’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. On average, analysts predict that Rexford Industrial Realty will post $0.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 2.26%.
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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