Rexford Industrial Realty Company Profile (NASDAQ:REXR)

About Rexford Industrial Realty (NASDAQ:REXR)

Rexford Industrial Realty logoRexford Industrial Realty, Inc. is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company. Through its controlling interest in Operating Partnership and its subsidiaries, the Company owns, manages, leases, acquires and develops industrial real estate located in Southern California infill markets, and from time to time, acquires or provides mortgage debt secured by industrial property. As of July 19, 2017, the Company's consolidated portfolio consisted of 142 properties with approximately 17.7 million rentable square feet. In addition, the Company managed an additional 19 properties with approximately 1.2 million rentable square feet.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $2.12 billion
  • Outstanding Shares: 70,810,000
Average Prices:
  • 50 Day Moving Avg: $29.76
  • 200 Day Moving Avg: $27.64
  • 52 Week Range: $20.05 - $30.66
P/E:
  • Trailing P/E Ratio: 64.05
  • Foreward P/E Ratio: 149.55
  • P/E Growth: 9.25
Sales & Book Value:
  • Annual Revenue: $139.65 million
  • Price / Sales: 15.17
  • Book Value: $13.76 per share
  • Price / Book: 2.17
Dividend:
  • Dividend Yield: 1.9%
Profitability:
  • EBITDA: $82.43 million
  • Net Margins: 53.98%
  • Return on Equity: 7.84%
  • Return on Assets: 4.92%
Misc:
  • Average Volume: 625,557 shs.
  • Short Ratio: 2.82
 

Frequently Asked Questions for Rexford Industrial Realty (NASDAQ:REXR)

What is Rexford Industrial Realty's stock symbol?

Rexford Industrial Realty trades on the NASDAQ under the ticker symbol "REXR."

How often does Rexford Industrial Realty pay dividends? What is the dividend yield for Rexford Industrial Realty?

Rexford Industrial Realty declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 29th will be paid a dividend of $0.145 per share on Monday, October 16th. This represents a $0.58 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, September 28th. View Rexford Industrial Realty's Dividend History.

How were Rexford Industrial Realty's earnings last quarter?

Rexford Industrial Realty Inc (NASDAQ:REXR) issued its earnings results on Tuesday, August, 1st. The company reported $0.23 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.23. The firm earned $36.78 million during the quarter, compared to analyst estimates of $36.75 million. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. View Rexford Industrial Realty's Earnings History.

When will Rexford Industrial Realty make its next earnings announcement?

Rexford Industrial Realty is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Rexford Industrial Realty.

What guidance has Rexford Industrial Realty issued on next quarter's earnings?

Rexford Industrial Realty issued an update on its FY17 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $0.93-0.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97.

Where is Rexford Industrial Realty's stock going? Where will Rexford Industrial Realty's stock price be in 2017?

7 equities research analysts have issued 12-month price targets for Rexford Industrial Realty's stock. Their predictions range from $24.00 to $34.00. On average, they anticipate Rexford Industrial Realty's stock price to reach $30.25 in the next twelve months. View Analyst Ratings for Rexford Industrial Realty.

What are analysts saying about Rexford Industrial Realty stock?

Here are some recent quotes from research analysts about Rexford Industrial Realty stock:

  • 1. According to Zacks Investment Research, "Rexford Industrial Realty, Inc. is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. Rexford Industrial Realty, Inc. is based in Los Angeles, California. " (10/4/2017)
  • 2. National Securities analysts commented, "REXR Rating Upgrade to BUY and 2Q17 Recap. Southern California remains one of the tightest industrial markets in the country, with occupancy rates approaching 100% in several core sub-markets and it’s already highest asking rents in the nation only expected to increase further. The Port of Los Angeles and Port of Long Beach are the two BUSIEST ports in the US, with recently annualized July TEU volume slated to be up 8.7% and 28%, Y/Y, respectively. Despite the unique high demand/low supply dynamic that exists in REXR’s backyard which is unlike any other in the country, its current portfolio occupancy does not reflect as such, even when adjusted for repositioning assets. Despite this, REXR has increased its FFO 7.15% in 2016 and 8.7% in the last quarter, meaning higher occupancy rates will further increase owned asset yields, FFO, and subsequently, dividends. In the trailing twelve month period, REXR has acquired some $587mln in assets, which will grow its portfolio 37.3% Y/Y. We are fundamentally positive on the industrial REIT sector as a whole and recognize the unique environment REXR operates in, and thus despite the premium that the shares trade relative to peers, those premiums are warranted. As such, we are upgrading our Neutral rating to BUY and adjusting our $23.00 price target to $32.00. " (8/29/2017)

Who are some of Rexford Industrial Realty's key competitors?

Who are Rexford Industrial Realty's key executives?

Rexford Industrial Realty's management team includes the folowing people:

  • Richard S. Ziman, Chairman of the Board
  • Michael S. Frankel, Co-Chief Executive Officer, Director
  • Howard Schwimmer, Co-Chief Executive Officer, Director
  • Adeel Khan, Chief Financial Officer
  • David E. Lanzer, General Counsel, Secretary
  • Robert L. Antin, Independent Director
  • Steven Cary Good, Independent Director
  • Tyler H. Rose, Independent Director
  • Peter E. Schwab, Independent Director

Who owns Rexford Industrial Realty stock?

Rexford Industrial Realty's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.21%). Company insiders that own Rexford Industrial Realty stock include Adeel Khan, Howard Schwimmer and Michael S Frankel. View Institutional Ownership Trends for Rexford Industrial Realty.

Who bought Rexford Industrial Realty stock? Who is buying Rexford Industrial Realty stock?

Rexford Industrial Realty's stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC. View Insider Buying and Selling for Rexford Industrial Realty.

How do I buy Rexford Industrial Realty stock?

Shares of Rexford Industrial Realty can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Rexford Industrial Realty's stock price today?

One share of Rexford Industrial Realty stock can currently be purchased for approximately $29.91.


MarketBeat Community Rating for Rexford Industrial Realty (NASDAQ REXR)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  67 (Vote Outperform)
Underperform Votes:  95 (Vote Underperform)
Total Votes:  162
MarketBeat's community ratings are surveys of what our community members think about Rexford Industrial Realty and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Rexford Industrial Realty (NASDAQ:REXR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.57)
Consensus Price Target: $30.25 (1.14% upside)
Consensus Price Target History for Rexford Industrial Realty (NASDAQ:REXR)
Price Target History for Rexford Industrial Realty (NASDAQ:REXR)
Analysts' Ratings History for Rexford Industrial Realty (NASDAQ:REXR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Citigroup Inc.Boost Price TargetNeutral$28.50 -> $30.00N/AView Rating Details
9/26/2017J P Morgan Chase & CoDowngradeOverweight -> Neutral$29.00HighView Rating Details
9/26/2017Jefferies Group LLCReiterated RatingBuy$34.00HighView Rating Details
9/14/2017Stifel NicolausReiterated RatingBuy$30.00 -> $33.00MediumView Rating Details
8/29/2017National SecuritiesUpgradeHold -> Buy$23.00 -> $32.00LowView Rating Details
8/8/2017FBR & CoBoost Price TargetMkt Perform$26.00 -> $27.00LowView Rating Details
7/13/2017DA DavidsonReiterated RatingBuy$30.00 -> $33.00LowView Rating Details
5/9/2017WunderlichReiterated RatingHold$22.00 -> $24.00LowView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Rexford Industrial Realty (NASDAQ:REXR)
Earnings by Quarter for Rexford Industrial Realty (NASDAQ:REXR)
Earnings History by Quarter for Rexford Industrial Realty (NASDAQ REXR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.05N/AView Earnings Details
8/1/2017Q2 2017$0.23$0.23$36.75 million$36.78 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.23$0.23$35.53 million$35.35 millionViewListenView Earnings Details
2/16/2017Q416$0.23$0.23$29.45 million$34.77 millionViewN/AView Earnings Details
11/2/2016Q316$0.21$0.22$27.68 million$32.94 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Rexford Industrial Realty (NASDAQ:REXR)
2017 EPS Consensus Estimate: $0.96
2018 EPS Consensus Estimate: $1.06
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.22$0.23$0.23
Q2 20174$0.22$0.24$0.23
Q3 20174$0.24$0.26$0.25
Q4 20174$0.25$0.27$0.26
Q1 20183$0.25$0.26$0.26
Q2 20183$0.26$0.26$0.26
Q3 20183$0.27$0.27$0.27
Q4 20183$0.27$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Rexford Industrial Realty (NASDAQ REXR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/2/2017quarterly$0.152.01%9/28/20179/29/201710/16/2017
6/9/2017$0.376/13/20176/15/20176/30/2017
5/4/2017quarterly$0.152.29%6/28/20176/30/20177/17/2017
2/17/2017quarterly$0.142.36%3/29/20173/31/20174/17/2017
11/4/2016quarterly$0.142.61%12/28/201612/30/20161/17/2017
8/4/2016quarterly$0.142.43%9/28/20169/30/201610/17/2016
5/4/2016Quarterly$0.146/28/20166/30/20167/15/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Rexford Industrial Realty (NASDAQ:REXR)
Insider Trades by Quarter for Rexford Industrial Realty (NASDAQ:REXR)
Institutional Ownership by Quarter for Rexford Industrial Realty (NASDAQ:REXR)
Insider Trades by Quarter for Rexford Industrial Realty (NASDAQ:REXR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/9/2016Adeel KhanCFOBuy5,360$24.65$132,124.00View SEC Filing  
11/8/2016Adeel KhanCFOBuy100$24.65$2,465.00View SEC Filing  
6/14/2016Howard SchwimmerCEOSell11,900$20.56$244,664.00View SEC Filing  
6/13/2016Adeel KhanCFOSell17,893$20.87$373,426.91View SEC Filing  
6/3/2016Michael S FrankelCEOSell23,380$20.06$469,002.80View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Rexford Industrial Realty (NASDAQ:REXR)
Latest Headlines for Rexford Industrial Realty (NASDAQ:REXR)
Source:
DateHeadline
americanbankingnews.com logoFY2017 EPS Estimates for Rexford Industrial Realty Inc Reduced by Analyst (REXR)
www.americanbankingnews.com - October 18 at 9:26 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Price Target Increased to $30.00 by Analysts at Citigroup Inc.
www.americanbankingnews.com - October 17 at 7:40 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Expected to Post Quarterly Sales of $39.44 Million
www.americanbankingnews.com - October 16 at 2:54 AM
finance.yahoo.com logoRexford Industrial Realty, Inc. : REXR-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 11, 2017
finance.yahoo.com - October 12 at 8:51 AM
americanbankingnews.com logoZacks Investment Research Upgrades Rexford Industrial Realty Inc (REXR) to "Buy"
www.americanbankingnews.com - October 8 at 9:16 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - October 4 at 10:48 AM
americanbankingnews.com logoHead-To-Head Survey: Rexford Industrial Realty (REXR) and Prologis (PLD)
www.americanbankingnews.com - September 28 at 6:16 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Expected to Announce Quarterly Sales of $39.44 Million
www.americanbankingnews.com - September 27 at 1:24 AM
americanbankingnews.com logo$0.24 Earnings Per Share Expected for Rexford Industrial Realty Inc (REXR) This Quarter
www.americanbankingnews.com - September 25 at 10:26 PM
nasdaq.com logoRexford Industrial Realty's Series A Preferred Stock Crosses Above 6% Yield Territory
www.nasdaq.com - September 25 at 4:20 PM
americanbankingnews.com logoRexford Industrial Realty's (REXR) Buy Rating Reiterated at Stifel Nicolaus
www.americanbankingnews.com - September 14 at 1:04 PM
seekingalpha.com logoIt's A Great Time To Own A Warehouse REIT
seekingalpha.com - September 14 at 1:42 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Expected to Announce Quarterly Sales of $39.32 Million
www.americanbankingnews.com - September 9 at 1:44 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - September 9 at 1:30 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Upgraded at National Securities
www.americanbankingnews.com - August 29 at 8:20 PM
americanbankingnews.com logoJefferies Group LLC Reaffirms Buy Rating for Rexford Industrial Realty Inc (REXR)
www.americanbankingnews.com - August 27 at 2:26 PM
americanbankingnews.com logoJefferies Group Equities Analysts Increase Earnings Estimates for Rexford Industrial Realty Inc (REXR)
www.americanbankingnews.com - August 25 at 8:02 AM
americanbankingnews.com logoComparing Duke Realty Corporation (DRE) and Rexford Industrial Realty (REXR)
www.americanbankingnews.com - August 25 at 2:10 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Expected to Post Quarterly Sales of $38.82 Million
www.americanbankingnews.com - August 21 at 3:56 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 15 at 12:48 PM
americanbankingnews.com logoFBR & Co Raises Rexford Industrial Realty Inc (NASDAQ:REXR) Price Target to $27.00
www.americanbankingnews.com - August 8 at 8:08 AM
americanbankingnews.com logoQ3 2017 EPS Estimates for Rexford Industrial Realty Inc Reduced by DA Davidson (REXR)
www.americanbankingnews.com - August 7 at 7:34 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Expected to Post Quarterly Sales of $39.11 Million
www.americanbankingnews.com - August 3 at 7:52 AM
finance.yahoo.com logoEdited Transcript of REXR earnings conference call or presentation 2-Aug-17 5:00pm GMT
finance.yahoo.com - August 3 at 1:57 AM
americanbankingnews.com logoRexford Industrial Realty Inc (NASDAQ:REXR) Announces Quarterly Dividend of $0.15
www.americanbankingnews.com - August 2 at 5:24 PM
finance.yahoo.com logoInvestor Network: Rexford Industrial Realty, Inc. to Host Earnings Call
finance.yahoo.com - August 2 at 3:52 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Releases Quarterly Earnings Results, Hits Estimates
www.americanbankingnews.com - August 1 at 10:30 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Updates FY17 Earnings Guidance
www.americanbankingnews.com - August 1 at 5:36 PM
americanbankingnews.com logoRexford Industrial Realty (NASDAQ:REXR) versus DCT Industrial Trust (DCT) Head to Head Survey
www.americanbankingnews.com - August 1 at 10:24 AM
finance.yahoo.com logoRexford Industrial Acquires Industrial Property For $14.6 Million
finance.yahoo.com - August 1 at 5:41 AM
americanbankingnews.com logoCapital One Financial Corporation Comments on Rexford Industrial Realty Inc's Q2 2017 Earnings (REXR)
www.americanbankingnews.com - July 26 at 8:26 AM
americanbankingnews.com logoHead-To-Head Review: Rexford Industrial Realty (REXR) and First Industrial Realty Trust (FR)
www.americanbankingnews.com - July 25 at 4:25 PM
streetinsider.com logoRexford Industrial Realty (REXR) Announces Acquisition Industrial Property for $19.8M
www.streetinsider.com - July 25 at 5:14 AM
finance.yahoo.com logoRexford Industrial Acquires Industrial Property For $19.8 Million
finance.yahoo.com - July 25 at 5:14 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - July 21 at 10:57 AM
americanbankingnews.com logoRexford Industrial Realty Inc Expected to Earn FY2018 Earnings of $1.11 Per Share (NASDAQ:REXR)
www.americanbankingnews.com - July 17 at 10:56 AM
americanbankingnews.com logoRexford Industrial Realty Inc to Post Q3 2017 Earnings of $0.27 Per Share, DA Davidson Forecasts (NASDAQ:REXR)
www.americanbankingnews.com - July 17 at 8:13 AM
americanbankingnews.com logoRexford Industrial Realty Inc (NASDAQ:REXR) Stock Rating Reaffirmed by Stifel Nicolaus
www.americanbankingnews.com - July 15 at 11:50 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Rexford Industrial Realty Inc (NASDAQ:REXR) Increased by Analyst
www.americanbankingnews.com - July 14 at 12:16 PM
americanbankingnews.com logoRexford Industrial Realty's (NASDAQ:REXR) Buy Rating Reiterated at DA Davidson
www.americanbankingnews.com - July 13 at 8:26 PM
americanbankingnews.com logo$36.25 Million in Sales Expected for Rexford Industrial Realty Inc (REXR) This Quarter
www.americanbankingnews.com - July 12 at 11:50 AM
americanbankingnews.com logoResearch Analysts Offer Predictions for Rexford Industrial Realty Inc's Q2 2017 Earnings (NASDAQ:REXR)
www.americanbankingnews.com - July 12 at 7:28 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Receives New Coverage from Analysts at FBR & Co
www.americanbankingnews.com - July 11 at 8:15 AM
americanbankingnews.com logo$0.23 Earnings Per Share Expected for Rexford Industrial Realty Inc (NASDAQ:REXR) This Quarter
www.americanbankingnews.com - July 10 at 7:36 AM
nasdaq.com logoRexford Industrial Realty, Inc. (REXR) Ex-Dividend Date Scheduled for June 28 ...
www.nasdaq.com - June 27 at 7:36 PM
streetinsider.com logoRexford Industrial Realty (REXR) Announces Acquisition of Two Properties for $35.9M
www.streetinsider.com - June 22 at 10:29 AM
nasdaq.com logoRexford Industrial Realty, Inc. (REXR) Ex-Dividend Date Scheduled for June 13 ...
www.nasdaq.com - June 12 at 7:08 PM
reuters.com logoBRIEF-Rexford Industrial acquires industrial property for $16.5 mln and sells property for $6.9 mln
www.reuters.com - May 2 at 9:49 AM
foxnews.com logoIllegal immigrant in controversial arrest pleads guilty to unlawful reentry
www.foxnews.com - March 28 at 7:21 PM
abcnews.go.com logoTrump tweets Russia probe 'hoax,' rails against Clintons
abcnews.go.com - March 28 at 6:32 AM

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Chart

Rexford Industrial Realty (REXR) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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