Rexford Industrial Realty (REXR) to Release Quarterly Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Rexford Industrial Realty Trading Down 3.0 %

NYSE REXR traded down $1.48 on Wednesday, hitting $47.89. 3,681,842 shares of the stock were exchanged, compared to its average volume of 1,765,530. The company's 50-day moving average price is $51.40 and its two-hundred day moving average price is $50.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.35 and a quick ratio of 1.35. Rexford Industrial Realty has a 52-week low of $41.56 and a 52-week high of $58.41. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 2.25 and a beta of 0.86.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.4175 per share. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.38. This represents a $1.67 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Wednesday, March 27th. Rexford Industrial Realty's payout ratio is currently 149.11%.

Wall Street Analysts Forecast Growth

REXR has been the topic of several research analyst reports. Mizuho restated a "neutral" rating and set a $52.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, April 2nd. JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from an "overweight" rating to a "neutral" rating and set a $55.00 price target on the stock. in a report on Wednesday, February 7th. Barclays initiated coverage on shares of Rexford Industrial Realty in a report on Wednesday, March 27th. They issued an "underweight" rating and a $45.00 price objective for the company. Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $61.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, February 15th. Finally, TheStreet upgraded shares of Rexford Industrial Realty from a "c+" rating to a "b-" rating in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and an average price target of $56.00.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.69, for a total transaction of $954,373.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Rexford Industrial Realty by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 28,981,854 shares of the real estate investment trust's stock valued at $1,625,882,000 after buying an additional 1,235,894 shares during the last quarter. BlackRock Inc. raised its position in shares of Rexford Industrial Realty by 1.7% during the first quarter. BlackRock Inc. now owns 24,373,926 shares of the real estate investment trust's stock valued at $1,453,905,000 after buying an additional 412,984 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Rexford Industrial Realty by 9.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,735,524 shares of the real estate investment trust's stock valued at $882,765,000 after buying an additional 1,366,351 shares during the last quarter. State Street Corp raised its position in shares of Rexford Industrial Realty by 5.8% during the first quarter. State Street Corp now owns 10,520,590 shares of the real estate investment trust's stock valued at $631,483,000 after buying an additional 579,957 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $283,319,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.