Media stories about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press 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 one, with scores closest 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 press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
NYSE REXR opened at $31.00 on Wednesday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 4.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.08 and a current ratio of 1.08. Rexford Industrial Realty has a 12-month low of $26.32 and a 12-month high of $32.91.
Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.10). Rexford Industrial Realty had a return on equity of 4.29% and a net margin of 28.58%. The firm had revenue of $48.54 million for the quarter, compared to analysts’ expectations of $46.04 million. During the same period last year, the firm earned $0.23 EPS. Rexford Industrial Realty’s revenue was up 37.3% compared to the same quarter last year. equities research analysts forecast that Rexford Industrial Realty will post 1.06 EPS for the current year.
A number of analysts have recently commented on REXR shares. B. Riley set a $30.00 target price on Rexford Industrial Realty and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Zacks Investment Research upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. DA Davidson boosted their price target on Rexford Industrial Realty from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus boosted their price target on Rexford Industrial Realty from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 4th. Finally, National Securities restated a “buy” rating and issued a $34.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.33.
In related news, CFO Adeel Khan sold 17,599 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $32.36, for a total value of $569,503.64. Following the sale, the chief financial officer now owns 9,053 shares of the company’s stock, valued at approximately $292,955.08. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.
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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