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 May 1, 2017, the Company's consolidated portfolio consisted of 137 properties with approximately 15 million rentable square feet. In addition, the Company managed an additional 19 properties with approximately 1.2 million rentable square feet, as of May 1, 2017.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: NASDAQ:REXR
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: $1.82 billion
  • Outstanding Shares: 66,375,000
Average Prices:
  • 50 Day Moving Avg: $25.26
  • 200 Day Moving Avg: $23.29
  • 52 Week Range: $19.67 - $27.68
P/E:
  • Trailing P/E Ratio: 70.31
  • Foreward P/E Ratio: 136.75
  • P/E Growth: 15.99
Sales & Book Value:
  • Annual Revenue: $133.54 million
  • Price / Sales: 13.59
  • Book Value: $12.84 per share
  • Price / Book: 2.13
Dividend:
  • Dividend Yield: 2.1%
Profitability:
  • EBIDTA: $78.76 million
Misc:
  • Average Volume: 410,445 shs.
  • Short Ratio: 2.32
 

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 announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, June 30th will be given a dividend of $0.145 per share on Monday, July 17th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, June 28th. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.14. 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 Wednesday, May, 3rd. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business earned $35.35 million during the quarter, compared to the consensus estimate of $35.53 million. The business's revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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, August, 1st 2017. View Earnings Estimates for Rexford Industrial Realty.

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

Rexford Industrial Realty updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $0.91-0.94 for the period, compared to the Thomson Reuters consensus estimate of $0.94.

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

5 brokers have issued twelve-month price objectives for Rexford Industrial Realty's shares. Their predictions range from $22.00 to $27.00. On average, they expect Rexford Industrial Realty's share price to reach $24.40 in the next year. 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. National Securities analysts commented, "REXR 1Q17 Recap. Yes, 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. 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. Further, through 12/31/18, REXR has an outsized 28% of its current leased rentable square feet coming up for renewal, which relative to TRNO’s 19.2% and MNR’s 14.3% seems exorbitantly high. Essentially, REXR will have to achieve a 100% renewal rate for 711 leases through 4Q18 just to maintain the industry’s lowest 89.2% portfolio occupancy rate. See Figure 8 Occupancy means revenue, and additional revenue translates to higher FFO. Absent a perfect score on renewals, REXR could be facing some occupancy gaps in the near future, negatively affecting earnings. Though we are fundamentally positive on the industrial REIT sector as a whole and recognize the unique environment REXR operates in, the shares are already trading at a premium to its peers, incorporating the effect of those market dynamics. As such, we are maintaining our Neutral rating and adjusting our $22.00 price target to $23.00. " (5/11/2017)
  • 2. 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. " (4/21/2017)

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

Who owns Rexford Industrial Realty stock?

Rexford Industrial Realty's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.97%), BlackRock Inc. (8.82%), Teachers Advisors LLC (6.43%), AEW Capital Management L P (6.10%), Wellington Management Group LLP (3.98%) and State Street Corp (3.33%). 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 sold Rexford Industrial Realty stock? Who is selling Rexford Industrial Realty stock?

Rexford Industrial Realty's stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Henderson Group PLC, Westpac Banking Corp, Morgan Stanley, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., Schroder Investment Management Group and Manning & Napier Advisors LLC. Company insiders that have sold Rexford Industrial Realty stock in the last year include Adeel Khan, Howard Schwimmer and Michael S Frankel. View Insider Buying and Selling 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 BlackRock Inc., Loomis Sayles & Co. L P, Citadel Advisors LLC, Bank of America Corp DE, Wellington Management Group LLP, Dimensional Fund Advisors LP, Alliancebernstein L.P. and Goldman Sachs Group Inc.. 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.

How much does a share of Rexford Industrial Realty stock cost?

One share of Rexford Industrial Realty stock can currently be purchased for approximately $27.35.

Analyst Ratings

Consensus Ratings for Rexford Industrial Realty (NASDAQ:REXR) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $24.40 (10.79% downside)

Analysts' Ratings History for Rexford Industrial Realty (NASDAQ:REXR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/11/2017National SecuritiesReiterated RatingNeutral -> Neutral$22.00 -> $23.00LowView Rating Details
5/9/2017WunderlichReiterated RatingHold$22.00 -> $24.00LowView Rating Details
3/20/2017Jefferies Group LLCReiterated RatingBuy$26.00LowView Rating Details
11/9/2016DA DavidsonReiterated RatingBuy$27.00N/AView Rating Details
7/7/2016Citigroup IncBoost Price TargetNeutral$18.50 -> $22.00N/AView Rating Details
(Data available from 5/28/2015 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
8/1/2017        
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: $1.07
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.22$0.23$0.23
Q2 20173$0.23$0.25$0.24
Q3 20173$0.23$0.25$0.24
Q4 20173$0.24$0.26$0.25
Q1 20182$0.24$0.26$0.25
Q2 20182$0.26$0.27$0.27
Q3 20182$0.27$0.27$0.27
Q4 20182$0.28$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
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 logoZacks: Analysts Expect Rexford Industrial Realty Inc (REXR) to Post $0.23 EPS
www.americanbankingnews.com - May 17 at 10:30 AM
americanbankingnews.com logoRexford Industrial Realty's (REXR) "Neutral" Rating Reiterated at National Securities
www.americanbankingnews.com - May 11 at 10:16 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Rating Reiterated by Wunderlich
www.americanbankingnews.com - May 9 at 9:48 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Receives $24.25 Average PT from Analysts
www.americanbankingnews.com - May 8 at 11:52 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 5 at 11:58 AM
americanbankingnews.com logoRexford Industrial Realty Inc to Post Q3 2017 Earnings of $0.24 Per Share, DA Davidson Forecasts (REXR)
www.americanbankingnews.com - May 5 at 10:56 AM
americanbankingnews.com logoRexford Industrial Realty (REXR) Receiving Somewhat Positive News Coverage, Analysis Finds
www.americanbankingnews.com - May 4 at 9:20 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Announces Quarterly Dividend of $0.15
www.americanbankingnews.com - May 4 at 9:04 PM
finance.yahoo.com logoEdited Transcript of REXR earnings conference call or presentation 3-May-17 9:00pm GMT
finance.yahoo.com - May 4 at 8:41 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Posts Quarterly Earnings Results, Hits Expectations
www.americanbankingnews.com - May 4 at 1:31 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Updates FY17 Earnings Guidance
www.americanbankingnews.com - May 4 at 1:12 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Releases Quarterly Earnings Results, Meets Expectations
www.americanbankingnews.com - May 4 at 1:06 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Releases FY17 Earnings Guidance
www.americanbankingnews.com - May 3 at 9:26 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
americanbankingnews.com logoRexford Industrial Realty (REXR) Given Daily Media Impact Score of -0.12
www.americanbankingnews.com - April 30 at 11:38 AM
americanbankingnews.com logo$35.11 Million in Sales Expected for Rexford Industrial Realty Inc (REXR) This Quarter
www.americanbankingnews.com - April 28 at 3:10 PM
americanbankingnews.com logoRexford Industrial Realty (REXR) Receives Media Sentiment Rating of 0.11
www.americanbankingnews.com - April 26 at 6:54 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Expected to Announce Earnings of $0.23 Per Share
www.americanbankingnews.com - April 26 at 6:52 PM
americanbankingnews.com logoRexford Industrial Realty (REXR) Earning Somewhat Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 23 at 9:16 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - April 21 at 7:25 AM
americanbankingnews.com logoSomewhat Critical Media Coverage Extremely Likely to Impact Rexford Industrial Realty (REXR) Share Price
www.americanbankingnews.com - April 20 at 5:51 PM
americanbankingnews.com logoCapital One Financial Corp. Comments on Rexford Industrial Realty Inc's Q1 2017 Earnings (REXR)
www.americanbankingnews.com - April 20 at 8:09 AM
americanbankingnews.com logoRexford Industrial Realty Inc Forecasted to Earn Q1 2018 Earnings of $0.24 Per Share (REXR)
www.americanbankingnews.com - April 19 at 2:49 PM
americanbankingnews.com logoFY2017 EPS Estimates for Rexford Industrial Realty Inc Decreased by Analyst (REXR)
www.americanbankingnews.com - April 18 at 3:28 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - April 10 at 12:40 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Upgraded at Zacks Investment Research
www.americanbankingnews.com - April 8 at 9:11 AM
americanbankingnews.com logo Rexford Industrial Realty Inc (REXR) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - April 6 at 9:58 AM
americanbankingnews.com logo Analysts Expect Rexford Industrial Realty Inc (REXR) to Post $0.23 EPS
www.americanbankingnews.com - April 4 at 12:01 AM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 29 at 11:31 PM
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
huffingtonpost.com logoDemocrats Demand Devin Nunes Recuse Himself From Russia Inquiry
www.huffingtonpost.com - March 28 at 6:32 AM
foxnews.com logoFrom 'blasphemer' to follower of God: We Are Messengers' Darren Mulligan details journey of faith
www.foxnews.com - March 28 at 6:32 AM
nbcnews.com logo15 People Shot, One Dead in ‘Horrific’ Cincinnati Nightclub Shooting: Police
www.nbcnews.com - March 26 at 7:02 PM
bloomberg.com logoSingapore Dollar Bulls Are Gathering in the Swap Market
www.bloomberg.com - March 26 at 7:02 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Rating Reiterated by Jefferies Group LLC
www.americanbankingnews.com - March 20 at 10:31 PM
americanbankingnews.com logoRexford Industrial Realty Inc (REXR) Receives Consensus Rating of “Buy” from Brokerages
www.americanbankingnews.com - March 14 at 11:30 AM
seekingalpha.com logoRexford Industrial Realty's (REXR) CEO Michael Frankel on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 17 at 7:56 PM
finance.yahoo.com logoEdited Transcript of REXR earnings conference call or presentation 16-Feb-17 10:00pm GMT
finance.yahoo.com - February 17 at 7:56 PM
nasdaq.com logoRexford Industrial Realty, Inc. (REXR) Ex-Dividend Date Scheduled for December ...
www.nasdaq.com - December 27 at 3:36 PM
biz.yahoo.com logoREXFORD INDUSTRIAL REALTY, INC. Files SEC form 8-K/A, Completion of Acquisition or Disposition of Assets, Financial S
biz.yahoo.com - December 6 at 8:57 AM
nasdaq.com logoRelative Strength Alert For Rexford Industrial Realty
www.nasdaq.com - November 12 at 9:41 AM
finance.yahoo.com logoBlog Coverage Rexford Industrial Realty Acquires Industrial Building
finance.yahoo.com - November 9 at 9:46 AM
streetinsider.com logoRexford Industrial Realty (REXR) Acquires North San Diego County-Located Industrial Property
www.streetinsider.com - October 31 at 6:53 PM
feeds.benzinga.com logoRexford Industrial Realty Falls 2% On Share Offering, Cites 'Potential Acquisition Opportunities'
feeds.benzinga.com - April 12 at 9:18 AM
finance.yahoo.com logoRexford Industrial to Present at the 2016 Citi Global Property CEO Conference
finance.yahoo.com - March 9 at 6:45 AM
biz.yahoo.com logoREXFORD INDUSTRIAL REALTY, INC. Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under
biz.yahoo.com - March 1 at 5:30 PM
biz.yahoo.com logoREXFORD INDUSTRIAL REALTY, INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - February 25 at 6:23 AM
finance.yahoo.com logoRexford Industrial Realty downgraded by CapitalOne
finance.yahoo.com - February 24 at 9:31 AM
thestreet.com logoNew Lifetime High Reached By Rexford Industrial Realty (REXR)
www.thestreet.com - February 20 at 3:01 PM

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Rexford Industrial Realty (REXR) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff