Rexford Industrial Realty Inc (NASDAQ:REXR) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.145 per share on Monday, January 15th. This represents a $0.58 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, December 28th.
Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The company had revenue of $43.30 million for the quarter, compared to the consensus estimate of $41.77 million. During the same quarter in the previous year, the business earned $0.22 EPS. Rexford Industrial Realty’s revenue was up 30.0% compared to the same quarter last year.
REXR has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of Rexford Industrial Realty in a report on Thursday, August 24th. National Securities upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and boosted their price target for the company from $23.00 to $32.00 in a report on Tuesday, August 29th. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, August 22nd. BidaskClub downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, FBR & Co boosted their price target on Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.56.
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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.
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