Rexford Industrial Realty (NASDAQ:REXR) Receives Daily News Impact Rating of 0.15
News articles about Rexford Industrial Realty (NASDAQ:REXR) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.6618185117699 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Rexford Industrial Realty Inc (REXR) Expected to Post Quarterly Sales of $39.11 Million (americanbankingnews.com)
- Edited Transcript of REXR earnings conference call or presentation 2-Aug-17 5:00pm GMT (finance.yahoo.com)
- Rexford Industrial Realty Inc (NASDAQ:REXR) Announces Quarterly Dividend of $0.15 (americanbankingnews.com)
- Investor Network: Rexford Industrial Realty, Inc. to Host Earnings Call (finance.yahoo.com)
- Rexford Industrial Realty Inc (REXR) Releases Quarterly Earnings Results, Hits Estimates (americanbankingnews.com)
Several analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $33.00 price target (up previously from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, July 13th. FBR & Co assumed coverage on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. They issued a “mkt perform” rating and a $26.00 price target on the stock. Wunderlich reissued a “hold” rating and issued a $24.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a research report on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target on shares of Rexford Industrial Realty in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.71.
Rexford Industrial Realty (NASDAQ REXR) traded up 0.14% during mid-day trading on Friday, reaching $28.09. 505,532 shares of the company were exchanged. The stock has a 50 day moving average of $27.73 and a 200-day moving average of $24.99. Rexford Industrial Realty has a one year low of $20.05 and a one year high of $29.01. The stock has a market capitalization of $1.99 billion and a price-to-earnings ratio of 60.15.
Rexford Industrial Realty (NASDAQ:REXR) last released its earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The company had revenue of $36.78 million for the quarter, compared to analysts’ expectations of $36.75 million. During the same quarter last year, the business earned $0.22 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Rexford Industrial Realty will post $0.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, September 28th.
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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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