Press coverage about Rexford Industrial Realty (NYSE:REXR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.6854387836745 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Rexford Industrial Realty (NYSE:REXR) opened at $28.40 on Friday. Rexford Industrial Realty has a 1-year low of $21.34 and a 1-year high of $31.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $2,206.36, a price-to-earnings ratio of 59.17, a price-to-earnings-growth ratio of 4.51 and a beta of 0.81.
Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). The company had revenue of $45.88 million during the quarter, compared to analyst estimates of $45.29 million. Rexford Industrial Realty had a net margin of 25.23% and a return on equity of 3.83%. equities analysts expect that Rexford Industrial Realty will post 1.04 earnings per share for the current fiscal year.
A number of equities analysts have commented on REXR shares. JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective on the stock. in a report on Friday, December 15th. DA Davidson reiterated a “buy” rating on shares of Rexford Industrial Realty in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. B. Riley set a $30.00 price objective on shares of Rexford Industrial Realty and gave the stock a “hold” rating in a report on Tuesday, February 20th. Finally, National Securities reiterated a “buy” rating and issued a $34.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.70.
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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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