Rexford Industrial Realty (NYSE:REXR) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.410-1.440 for the period. The company issued revenue guidance of -.

Shares of NYSE REXR traded down $0.27 during midday trading on Tuesday, reaching $54.90. The company’s stock had a trading volume of 6,799 shares, compared to its average volume of 712,886. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 95.12, a PEG ratio of 5.10 and a beta of 0.59. Rexford Industrial Realty has a fifty-two week low of $35.68 and a fifty-two week high of $57.23. The stock has a 50 day simple moving average of $52.81 and a 200-day simple moving average of $49.66. The company has a current ratio of 6.45, a quick ratio of 6.46 and a debt-to-equity ratio of 0.32.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, April 20th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $99.80 million for the quarter, compared to the consensus estimate of $99.71 million. Rexford Industrial Realty had a net margin of 26.29% and a return on equity of 3.14%. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, equities analysts anticipate that Rexford Industrial Realty will post 1.31 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.75%. Rexford Industrial Realty’s payout ratio is 78.05%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a buy rating to a hold rating in a report on Tuesday. TheStreet upgraded shares of Rexford Industrial Realty from a c+ rating to a b- rating in a report on Friday, March 26th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $52.00.

In other news, General Counsel David E. Lanzer sold 2,810 shares of the business’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $55.34, for a total value of $155,505.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Howard Schwimmer sold 77,670 shares of the business’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $55.26, for a total transaction of $4,292,044.20. Following the completion of the sale, the chief executive officer now directly owns 55,170 shares of the company’s stock, valued at approximately $3,048,694.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,675 shares of company stock worth $4,791,620. Corporate insiders own 1.50% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013 and is headquartered in Los Angeles, CA.

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Earnings History and Estimates for Rexford Industrial Realty (NYSE:REXR)

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