Capital One Financial Equities Analysts Lower Earnings Estimates for Rexford Industrial Realty (NYSE:REXR)

Rexford Industrial Realty (NYSE:REXR) – Stock analysts at Capital One Financial dropped their Q1 2018 earnings per share (EPS) estimates for Rexford Industrial Realty in a research report issued on Sunday, April 8th, according to Zacks Investment Research. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $0.25 for the quarter, down from their prior estimate of $0.26. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Rexford Industrial Realty’s Q3 2018 earnings at $0.27 EPS and FY2018 earnings at $1.06 EPS.

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A number of other equities research analysts also recently weighed in on the company. B. Riley set a $30.00 price target on Rexford Industrial Realty and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Zacks Investment Research downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. National Securities reaffirmed a “buy” rating and set a $34.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, February 27th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Rexford Industrial Realty in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.70.

REXR opened at $29.26 on Wednesday. Rexford Industrial Realty has a fifty-two week low of $24.39 and a fifty-two week high of $31.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.50 and a quick ratio of 0.50. The stock has a market cap of $2,320.96, a PE ratio of 30.49, a PEG ratio of 4.74 and a beta of 0.74.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.10). Rexford Industrial Realty had a return on equity of 3.83% and a net margin of 25.23%. The business had revenue of $45.88 million during the quarter, compared to analysts’ expectations of $45.29 million.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were issued a dividend of $0.16 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.19%. Rexford Industrial Realty’s dividend payout ratio is currently 66.67%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Rexford Industrial Realty by 9.1% during the 4th quarter. BlackRock Inc. now owns 7,037,823 shares of the real estate investment trust’s stock valued at $205,221,000 after acquiring an additional 588,051 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Rexford Industrial Realty by 1.2% during the 4th quarter. Deutsche Bank AG now owns 6,101,827 shares of the real estate investment trust’s stock valued at $177,925,000 after acquiring an additional 73,254 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Rexford Industrial Realty by 0.9% during the 4th quarter. Teachers Advisors LLC now owns 2,462,427 shares of the real estate investment trust’s stock valued at $71,804,000 after acquiring an additional 21,827 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Rexford Industrial Realty by 35.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,331,200 shares of the real estate investment trust’s stock valued at $38,818,000 after acquiring an additional 347,400 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Rexford Industrial Realty by 6.6% during the 4th quarter. Schroder Investment Management Group now owns 1,135,577 shares of the real estate investment trust’s stock valued at $33,113,000 after acquiring an additional 70,077 shares during the last quarter.

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About Rexford Industrial Realty

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.

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Earnings History and Estimates for Rexford Industrial Realty (NYSE:REXR)

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