Rexford Industrial Realty (NYSE:REXR) Posts Earnings Results, Beats Estimates By $0.03 EPS


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Rexford Industrial Realty (NYSE:REXR) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03, Fidelity Earnings reports. The business had revenue of $99.80 million during the quarter, compared to analysts’ expectations of $99.71 million. Rexford Industrial Realty had a net margin of 26.29% and a return on equity of 3.14%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share.

Shares of REXR traded down $1.25 during mid-day trading on Thursday, hitting $55.16. 774,433 shares of the company’s stock were exchanged, compared to its average volume of 731,085. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 95.10, a P/E/G ratio of 5.10 and a beta of 0.59. The firm has a fifty day moving average of $51.14 and a two-hundred day moving average of $49.39. The company has a quick ratio of 6.46, a current ratio of 6.45 and a debt-to-equity ratio of 0.32. Rexford Industrial Realty has a twelve month low of $35.68 and a twelve month high of $57.23.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.74%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, March 30th. Rexford Industrial Realty’s payout ratio is currently 78.05%.

A number of equities research analysts have issued reports on REXR shares. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday. TheStreet upgraded Rexford Industrial Realty from a “c+” rating to a “b-” rating in a report on Friday, March 26th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Rexford Industrial Realty presently has an average rating of “Buy” and an average price target of $52.00.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013 and is headquartered in Los Angeles, CA.

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Earnings History for Rexford Industrial Realty (NYSE:REXR)

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