Rexford Industrial Realty, Inc. (NYSE:REXR) declared a quarterly dividend on Wednesday, November 1st, Wall Street Journal experiences. Stockholders of file on Friday, December 29th will likely be given a dividend of Zero.145 per share by the true property funding belief on Monday, January 15th. This represents a $Zero.58 dividend on an annualized foundation and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, December 28th.
Rexford Industrial Realty has a payout ratio of 60.four% indicating that its dividend is sufficiently coated by earnings. Equities badysis badysts count on Rexford Industrial Realty to earn $1.07 per share subsequent 12 months, which suggests the corporate ought to proceed to have the ability to cowl its $Zero.58 annual dividend with an anticipated future payout ratio of 54.2%.
Rexford Industrial Realty (REXR) traded down $Zero.20 on Friday, reaching $30.19. 470,183 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of 468,Zero30. The firm has a fast ratio of Zero.72, a present ratio of Zero.72 and a debt-to-equity ratio of Zero.57. Rexford Industrial Realty has a 12-month low of $21.34 and a 12-month excessive of $30.66. The agency has a market cap of $2,350.00, a price-to-earnings ratio of 32.24, a PEG ratio of three.95 and a beta of Zero.75.
Rexford Industrial Realty (NYSE:REXR) final posted its quarterly earnings information on Tuesday, October 31st. The actual property funding belief reported $Zero.25 EPS for the quarter, beating the consensus estimate of $Zero.24 by $Zero.01. The enterprise had income of $43.30 million for the quarter, in comparison with badysts’ expectations of $41.77 million. Rexford Industrial Realty had a web margin of 23.50% and a return on fairness of three.39%. The agency’s income was up 30.Zero% in comparison with the identical quarter final 12 months. During the identical interval within the earlier 12 months, the agency posted $Zero.22 EPS. equities badysts forecast that Rexford Industrial Realty will publish Zero.96 earnings per share for the present fiscal 12 months.
Several equities badysis badysts have commented on REXR shares. Jefferies Group LLC reissued a “buy” score and set a $32.00 worth goal on shares of Rexford Industrial Realty in a badysis report on Tuesday, July 25th. BidaskClub lowered shares of Rexford Industrial Realty from a “buy” score to a “hold” score in a badysis observe on Tuesday, July 25th. FBR & Co boosted their worth goal on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the inventory a “mkt perform” score in a badysis observe on Tuesday, August eighth. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” score to a “buy” score and set a $32.00 worth goal on the inventory in a badysis observe on Tuesday, August 22nd. Finally, National Securities upgraded shares of Rexford Industrial Realty from a “hold” score to a “buy” score and upped their worth goal for the corporate from $23.00 to $32.00 in a badysis observe on Tuesday, August 29th. Five equities badysis badysts have rated the inventory with a maintain score and 5 have issued a purchase score to the corporate’s inventory. Rexford Industrial Realty has a mean score of “Buy” and a consensus goal worth of $30.60.
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Rexford Industrial Realty Company Profile
Rexford Industrial Realty, Inc is a self-administered and self-managed full-service actual property funding belief (REIT). The Company is concentrated on proudly owning, working and buying industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the working partnership of the Company.
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