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%.
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.
See Also: What is the yield curve?
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.