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About Rexford Industrial Realty (NYSE:REXR)
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. For additional information, visit www.rexfordindustrial.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:REXR
CUSIPN/A
Phone310-966-1680
Debt
Debt-to-Equity Ratio0.52
Current Ratio1.08
Quick Ratio1.08
Price-To-Earnings
Trailing P/E Ratio32.69
Forward P/E Ratio29.60
P/E Growth4.78
Sales & Book Value
Annual Sales$161.35 million
Price / Sales15.77
Cash Flow$1.3474 per share
Price / Cash23.29
Book Value$15.65 per share
Price / Book2.01
Profitability
EPS (Most Recent Fiscal Year)$0.96
Net Income$40.71 million
Net Margins28.58%
Return on Equity4.29%
Return on Assets2.50%
Miscellaneous
Employees98
Outstanding Shares81,080,000
Rexford Industrial Realty (NYSE:REXR) Frequently Asked Questions
What is Rexford Industrial Realty's stock symbol?
Rexford Industrial Realty trades on the New York Stock Exchange (NYSE) 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, May 2nd. Investors of record on Friday, June 29th will be given a dividend of $0.16 per share on Monday, July 16th. This represents a $0.64 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, June 28th. View Rexford Industrial Realty's Dividend History.
How were Rexford Industrial Realty's earnings last quarter?
Rexford Industrial Realty (NYSE:REXR) announced its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.10. The real estate investment trust had revenue of $48.54 million for the quarter, compared to the consensus estimate of $46.04 million. Rexford Industrial Realty had a return on equity of 4.29% and a net margin of 28.58%. Rexford Industrial Realty's quarterly revenue was up 37.3% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. View Rexford Industrial Realty's Earnings History.
When is Rexford Industrial Realty's next earnings date?
What guidance has Rexford Industrial Realty issued on next quarter's earnings?
Rexford Industrial Realty issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $1.02-1.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.07.
What price target have analysts set for REXR?
8 equities research analysts have issued 1 year price objectives for Rexford Industrial Realty's shares. Their forecasts range from $27.00 to $40.00. On average, they expect Rexford Industrial Realty's stock price to reach $32.25 in the next twelve months. View Analyst Ratings for Rexford Industrial Realty.
Who are some of Rexford Industrial Realty's key competitors?
Some companies that are related to Rexford Industrial Realty include Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Macerich (MAC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), AGNC Investment (AGNC), Kilroy Realty (KRC), Vici Properties (VICI) and W. P. Carey (WPC).
Who are Rexford Industrial Realty's key executives?
Rexford Industrial Realty's management team includes the folowing people:
- Mr. Howard Schwimmer, Co-CEO & Director (Age 57)
- Mr. Michael S. Frankel, Co-CEO & Director (Age 55)
- Mr. Adeel Khan, CFO & Principal Accounting Officer (Age 44)
- Mr. David E. Lanzer, Gen. Counsel and Sec. (Age 45)
- Mr. Bruce Herbkersman, Sr. VP, Devel. & Construction
Has Rexford Industrial Realty been receiving favorable news coverage?
Media coverage about REXR stock has trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a coverage optimism score of 0.26 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 46.11 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Rexford Industrial Realty's major shareholders?
Rexford Industrial Realty's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.83%), Principal Financial Group Inc. (4.40%), Principal Financial Group Inc. (4.40%), Prudential Financial Inc. (2.22%), Schroder Investment Management Group (1.88%) and Northern Trust Corp (1.69%). 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.
Which institutional investors are selling Rexford Industrial Realty stock?
REXR stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Russell Investments Group Ltd., Bamco Inc. NY, Amundi Pioneer Asset Management Inc., Manning & Napier Group LLC, California Public Employees Retirement System, Franklin Resources Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for Rexford Industrial Realty.
Which institutional investors are buying Rexford Industrial Realty stock?
REXR stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Schroder Investment Management Group, Westpac Banking Corp, Principal Financial Group Inc., Principal Financial Group Inc., Allianz Asset Management GmbH and Allianz Asset Management GmbH. View Insider Buying and Selling for Rexford Industrial Realty.
How do I buy shares of Rexford Industrial Realty?
Shares of REXR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 REXR stock can currently be purchased for approximately $31.38.
How big of a company is Rexford Industrial Realty?
Rexford Industrial Realty has a market capitalization of $2.53 billion and generates $161.35 million in revenue each year. The real estate investment trust earns $40.71 million in net income (profit) each year or $0.96 on an earnings per share basis. Rexford Industrial Realty employs 98 workers across the globe.
How can I contact Rexford Industrial Realty?
Rexford Industrial Realty's mailing address is 11620 WILSHIRE BOULEVARD SUITE 1000, LOS ANGELES CA, 90025. The real estate investment trust can be reached via phone at 310-966-1680 or via email at [email protected]
MarketBeat Community Rating for Rexford Industrial Realty (REXR)
MarketBeat's community ratings are surveys of what our community members think about Rexford Industrial Realty and other stocks. Vote "Outperform" if you believe REXR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe REXR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Rexford Industrial Realty (NYSE:REXR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Rexford Industrial Realty in the last 12 months. Their average twelve-month price target is $32.25, suggesting that the stock has a possible upside of 2.77%. The high price target for REXR is $40.00 and the low price target for REXR is $27.00. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Buy |
| Consensus Rating Score: | 2.38 | 2.33 | 2.33 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $32.25 | $30.4444 | $30.4444 | $30.7143 |
| Price Target Upside: | 2.77% upside | 12.42% upside | 8.96% upside | 2.56% downside |
Rexford Industrial Realty (NYSE:REXR) Consensus Price Target History
Rexford Industrial Realty (NYSE:REXR) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Rexford Industrial Realty (NYSE:REXR) Dividend Information
Rexford Industrial Realty pays an annual dividend of $0.64 per share, with a dividend yield of 2.04%. REXR's next quarterly dividend payment will be made on Monday, July 16. Rexford Industrial Realty pays out 66.67% of its earnings out as a dividend.
| Next Dividend: | 7/16/2018 |
| Annual Dividend: | $0.64 |
| Dividend Yield: | 2.04% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 66.67% (Trailing 12 Months of Earnings)
60.38% (Based on This Year's Estimates)
55.65% (Based on Next Year's Estimates)
47.50% (Based on Cash Flow)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Rexford Industrial Realty (NYSE:REXR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/2/2018 | quarterly | $0.16 | 2.04% | 6/28/2018 | 6/29/2018 | 7/16/2018 |
| 2/14/2018 | quarterly | $0.16 | 2.31% | 3/28/2018 | 3/30/2018 | 4/16/2018 |
| 10/31/2017 | Quarterly | $0.1450 | | 12/28/2017 | 12/29/2017 | 1/15/2018 |
| 11/1/2017 | quarterly | $0.1450 | 1.94% | 12/28/2017 | 12/29/2017 | 1/15/2018 |
| 8/2/2017 | Quarterly | $0.1450 | | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 8/2/2017 | quarterly | $0.1450 | 2.01% | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 6/9/2017 | | $0.3670 | | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 5/4/2017 | quarterly | $0.1450 | 2.29% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 2/17/2017 | quarterly | $0.1350 | 2.36% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 11/4/2016 | quarterly | $0.1350 | 2.61% | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 8/4/2016 | quarterly | $0.1350 | 2.43% | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 5/4/2016 | Quarterly | $0.1350 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 5/6/2016 | quarterly | $0.1350 | 2.74% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 2/22/2016 | quarterly | $0.1350 | 3.14% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 11/5/2015 | quarterly | $0.1350 | 3.56% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 8/4/2015 | quarterly | $0.1350 | 3.73% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/8/2015 | quarterly | $0.12 | 3.25% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 2/27/2015 | quarterly | $0.12 | 2.99% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/12/2014 | quarterly | $0.12 | 3.11% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 8/11/2014 | quarterly | $0.12 | 3.44% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 6/9/2014 | quarterly | $0.12 | 3.35% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 3/17/2014 | quarterly | $0.12 | 3.36% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 12/9/2013 | | $0.12 | | 12/26/2013 | 12/30/2013 | 1/14/2014 |
| 12/9/2013 | special | $0.09 | | 12/26/2013 | 12/30/2013 | 1/14/2014 |
| 12/9/2013 | quarterly | $0.09 | 3.46% | 12/26/2013 | 12/30/2013 | 1/14/2014 |
(Data available from 1/1/2013 forward)
Rexford Industrial Realty (NYSE REXR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.80%
Rexford Industrial Realty (NYSE REXR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/11/2018 | Adeel Khan | CFO | Sell | 17,599 | $32.36 | $569,503.64 | 9,053 |  |
| 11/9/2016 | Adeel Khan | CFO | Buy | 5,360 | $24.65 | $132,124.00 | 100 | |
| 11/8/2016 | Adeel Khan | CFO | Buy | 100 | $24.65 | $2,465.00 | 100 | |
| 6/14/2016 | Howard Schwimmer | CEO | Sell | 11,900 | $20.56 | $244,664.00 | | |
| 6/13/2016 | Adeel Khan | CFO | Sell | 17,893 | $20.87 | $373,426.91 | 43,510 | |
| 6/3/2016 | Michael S Frankel | CEO | Sell | 23,380 | $20.06 | $469,002.80 | | |
| 9/10/2015 | Richard S Ziman | Director | Buy | 10,000 | $12.76 | $127,600.00 | | |
| 9/9/2015 | Michael S Frankel | CEO | Buy | 10,000 | $12.86 | $128,600.00 | | |
| 8/24/2015 | Howard Schwimmer | CEO | Buy | 3,700 | $13.42 | $49,654.00 | | |
| 5/14/2015 | Michael S Frankel | CEO | Buy | 6,400 | $14.57 | $93,248.00 | | |
(Data available from 1/1/2013 forward)
Rexford Industrial Realty (NYSE REXR) News Headlines
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Rexford Industrial Realty (NYSE:REXR) SEC Filings
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Rexford Industrial Realty (NYSE:REXR) Income Statement, Balance Sheet and Cash Flow Statement
Rexford Industrial Realty (NYSE REXR) Stock Chart for Saturday, May, 26, 2018
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