News headlines about Rexford Industrial Realty (NYSE:REXR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 47.0644214815271 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Rexford Industrial Realty (REXR) opened at $28.32 on Friday. The company has a market cap of $2,210.00, a price-to-earnings ratio of 64.36, a price-to-earnings-growth ratio of 3.45 and a beta of 0.76. Rexford Industrial Realty has a one year low of $21.34 and a one year high of $31.71. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57.
Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $43.30 million for the quarter, compared to analysts’ expectations of $41.77 million. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. equities analysts forecast that Rexford Industrial Realty will post 0.96 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and set a $34.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 26th. Citigroup lifted their target price on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, January 4th. Finally, BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.78.
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About Rexford Industrial Realty
Rexford 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.
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