Rexford Industrial Realty Inc (REXR) Expected to Announce Earnings of $0.27 Per Share

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Equities analysts expect Rexford Industrial Realty Inc (NYSE:REXR) to post earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Rexford Industrial Realty’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.26. Rexford Industrial Realty reported earnings per share of $0.26 during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The business is expected to report its next earnings results after the market closes on Tuesday, February 12th.

On average, analysts expect that Rexford Industrial Realty will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.10. For the next year, analysts forecast that the business will post earnings of $1.16 per share, with EPS estimates ranging from $1.13 to $1.17. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Rexford Industrial Realty.

Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “strong-buy” rating to a “hold” rating in a report on Friday, January 25th. JPMorgan Chase & Co. upgraded shares of Rexford Industrial Realty from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. Finally, TheStreet upgraded shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.20.

NYSE REXR traded up $0.15 during trading hours on Monday, hitting $34.91. The company’s stock had a trading volume of 395,259 shares, compared to its average volume of 565,284. The company has a debt-to-equity ratio of 0.47, a current ratio of 6.21 and a quick ratio of 6.21. The firm has a market capitalization of $3.23 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.70 and a beta of 0.87. Rexford Industrial Realty has a twelve month low of $26.52 and a twelve month high of $35.41.

In related news, CFO Adeel Khan acquired 2,250 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $22.43 per share, for a total transaction of $50,467.50. Following the completion of the acquisition, the chief financial officer now directly owns 2,250 shares in the company, valued at approximately $50,467.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Several large investors have recently modified their holdings of the stock. AlphaCrest Capital Management LLC bought a new position in Rexford Industrial Realty in the fourth quarter valued at $371,000. ETRADE Capital Management LLC grew its position in Rexford Industrial Realty by 27.7% in the fourth quarter. ETRADE Capital Management LLC now owns 12,158 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 2,637 shares in the last quarter. Highstreet Asset Management Inc. grew its position in Rexford Industrial Realty by 8.0% in the fourth quarter. Highstreet Asset Management Inc. now owns 47,848 shares of the real estate investment trust’s stock valued at $1,410,000 after purchasing an additional 3,531 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Rexford Industrial Realty by 2.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 935,608 shares of the real estate investment trust’s stock valued at $27,572,000 after purchasing an additional 22,517 shares in the last quarter. Finally, BlackRock Inc. grew its position in Rexford Industrial Realty by 4.8% in the fourth quarter. BlackRock Inc. now owns 10,579,277 shares of the real estate investment trust’s stock valued at $311,772,000 after purchasing an additional 487,419 shares in the last quarter.

Rexford Industrial Realty Company Profile

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 168 properties with approximately 20.6 million rentable square feet and manages an additional 20 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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