Somewhat Positive Press Coverage Somewhat Unlikely to Impact Rexford Industrial Realty (REXR) Stock Price

News articles about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.4079476033044 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

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Shares of REXR opened at $28.83 on Tuesday. 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 stock has a market capitalization of $2,270.72, a PE ratio of 30.03, a PEG ratio of 4.63 and a beta of 0.74. Rexford Industrial Realty has a one year low of $24.49 and a one year high of $31.71.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.10). The firm 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%. sell-side analysts forecast that Rexford Industrial Realty will post 1.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were paid a $0.16 dividend. The ex-dividend date was Wednesday, March 28th. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.22%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 66.67%.

A number of brokerages have weighed in on REXR. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, January 24th. B. Riley set a $30.00 price target on Rexford Industrial Realty and gave the stock a “hold” rating in a report on Tuesday, February 20th. DA Davidson reiterated a “buy” rating on shares of Rexford Industrial Realty in a report on Wednesday, February 14th. Capital One downgraded Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 14th. Finally, National Securities reiterated a “buy” rating and set a $34.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Rexford Industrial Realty presently has a consensus rating of “Hold” and an average target price of $30.70.

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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 150 properties with approximately 18.5 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet.

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