Rexford Industrial Realty (REXR) Receives News Sentiment Score of 0.18

News stories about Rexford Industrial Realty (NYSE:REXR) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.0141564625881 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of REXR stock opened at $31.07 on Wednesday. The stock has a market cap of $2.52 billion, a P/E ratio of 32.36, a P/E/G ratio of 4.75 and a beta of 0.73. Rexford Industrial Realty has a 1-year low of $26.32 and a 1-year high of $32.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.08.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.10). The company had revenue of $48.54 million for the quarter, compared to analysts’ expectations of $46.04 million. Rexford Industrial Realty had a net margin of 28.58% and a return on equity of 4.29%. The company’s revenue was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. equities research analysts expect that Rexford Industrial Realty will post 1.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, June 28th. Rexford Industrial Realty’s dividend payout ratio is presently 66.67%.

A number of equities analysts have recently issued reports on REXR shares. Capital One cut Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 14th. DA Davidson reiterated a “buy” rating on shares of Rexford Industrial Realty in a report on Wednesday, February 14th. Zacks Investment Research cut 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 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.33.

In related news, CFO Adeel Khan sold 17,599 shares of the stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $32.36, for a total transaction of $569,503.64. Following the completion of the sale, the chief financial officer now directly owns 9,053 shares in the company, valued at approximately $292,955.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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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