Rexford Industrial Realty (REXR) Given Media Sentiment Rating of 0.16
Headlines about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rexford Industrial Realty earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.0669134905824 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Critical Comparison: Granite Real Estate Investment Trust (GRP) and Rexford Industrial Realty (REXR) (americanbankingnews.com)
- Rexford Industrial Realty, Inc. (REXR) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Stocks Hit Record Highs; Why It’s A Good Day For Costco, Keystone Pipeline (investors.com)
- Zacks: Brokerages Anticipate Rexford Industrial Realty, Inc. (REXR) Will Post Quarterly Sales of $44.61 Million (americanbankingnews.com)
- Rexford Industrial Realty: This 5.875% Preferred Stock Started Trading On The NYSE (seekingalpha.com)
Several equities research analysts recently issued reports on the stock. FBR & Co raised their target price on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co downgraded shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Tuesday, September 26th. BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. Finally, Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.60.
Shares of Rexford Industrial Realty (NYSE:REXR) opened at $31.52 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2,414.09, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. Rexford Industrial Realty has a 1 year low of $21.34 and a 1 year high of $31.71.
Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $43.30 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. sell-side analysts anticipate that Rexford Industrial Realty will post 0.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.58 annualized dividend and a yield of 1.84%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 134.89%.
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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