Media headlines about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.0784486323405 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Rexford Industrial Realty (NYSE:REXR) traded down 0.23% on Tuesday, hitting $30.29. The stock had a trading volume of 72,151 shares. The stock has a market cap of $2.14 billion, a PE ratio of 64.86 and a beta of 0.75. The firm’s 50 day moving average price is $29.69 and its 200-day moving average price is $27.44. Rexford Industrial Realty has a 12 month low of $20.05 and a 12 month high of $30.66.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, September 28th. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s dividend payout ratio (DPR) is 128.89%.
A number of research firms have recently commented on REXR. FBR & Co reaffirmed a “marketperform” rating and set a $26.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, July 11th. J P Morgan Chase & Co cut Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 26th. Finally, BidaskClub cut Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.75.
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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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