News stories about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.117290292999 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Rexford Industrial Realty (NYSE REXR) opened at $27.08 on Wednesday. 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 capitalization of $2,110.00, a P/E ratio of 56.42, a price-to-earnings-growth ratio of 4.46 and a beta of 0.73. Rexford Industrial Realty has a 52 week low of $21.34 and a 52 week high of $31.71.
Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.10). The firm had revenue of $45.88 million for the quarter, compared to the consensus estimate of $45.29 million. Rexford Industrial Realty had a return on equity of 3.83% and a net margin of 25.23%. equities research analysts forecast that Rexford Industrial Realty will post 1.04 EPS for the current fiscal year.
REXR has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective on the stock. in a research note on Friday, December 15th. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. B. Riley restated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. DA Davidson restated a “buy” rating on shares of Rexford Industrial Realty in a research note on Wednesday, February 14th. Finally, Zacks Investment Research lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.70.
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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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