Rexford Industrial Realty (REXR) Scheduled to Post Quarterly Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Rexford Industrial Realty Stock Down 1.9 %

REXR stock opened at $46.68 on Monday. Rexford Industrial Realty has a fifty-two week low of $41.56 and a fifty-two week high of $58.02. The business’s 50-day moving average is $51.12 and its two-hundred day moving average is $50.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 2.14 and a beta of 0.86.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.4175 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.67 dividend on an annualized basis and a yield of 3.58%. Rexford Industrial Realty’s dividend payout ratio is currently 149.11%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays assumed coverage on Rexford Industrial Realty in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $45.00 price objective on the stock. Truist Financial decreased their price objective on Rexford Industrial Realty from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. JPMorgan Chase & Co. downgraded Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a research note on Wednesday, February 7th. Mizuho reissued a “neutral” rating and set a $52.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, April 2nd. Finally, TheStreet raised Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $56.00.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 18,113 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.69, for a total transaction of $954,373.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Rexford Industrial Realty by 139.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,339 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 4,277 shares in the last quarter. Natixis Advisors L.P. bought a new position in shares of Rexford Industrial Realty in the 1st quarter worth $882,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Rexford Industrial Realty by 37.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,575 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 3,978 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Rexford Industrial Realty by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 22,698,814 shares of the real estate investment trust’s stock worth $1,693,104,000 after acquiring an additional 1,587,612 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Rexford Industrial Realty in the 1st quarter worth $1,157,000. 99.52% of the stock is owned by institutional investors.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.