Rexford Industrial Realty (NYSE:REXR - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.370-2.410 for the period, compared to the consensus earnings per share estimate of 2.399. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on REXR. Evercore ISI cut shares of Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and lowered their price objective for the company from $39.00 to $38.00 in a research report on Friday. Scotiabank lowered their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. reduced their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Truist Financial reduced their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of "Hold" and a consensus target price of $39.82.
Get Our Latest Research Report on Rexford Industrial Realty
Rexford Industrial Realty Trading Up 3.2%
Rexford Industrial Realty stock traded up $1.13 during midday trading on Friday, hitting $36.56. 4,691,011 shares of the stock were exchanged, compared to its average volume of 2,231,457. The company has a fifty day simple moving average of $36.10 and a two-hundred day simple moving average of $37.28. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $52.61. The stock has a market capitalization of $8.65 billion, a PE ratio of 27.08, a P/E/G ratio of 3.25 and a beta of 1.13. The company has a quick ratio of 4.90, a current ratio of 5.59 and a debt-to-equity ratio of 0.37.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The business had revenue of $241.57 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter last year, the firm earned $0.60 EPS. Rexford Industrial Realty's quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.
Rexford Industrial Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.70%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 127.41%.
Institutional Trading of Rexford Industrial Realty
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust's stock worth $4,628,000 after buying an additional 89,390 shares during the last quarter. Royal Bank of Canada increased its holdings in Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust's stock worth $9,849,000 after buying an additional 8,506 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock worth $70,931,000 after buying an additional 526,877 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.
Rexford Industrial Realty Company Profile
(
Get Free Report)
Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.
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