Rexford Industrial Realty Inc (REXR) Expected to Announce Earnings of $0.23 Per Share

Wall Street analysts expect Rexford Industrial Realty Inc (NYSE:REXR) to post earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Rexford Industrial Realty’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.24. Rexford Industrial Realty posted earnings of $0.22 per share during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, May 3rd.

According to Zacks, analysts expect that Rexford Industrial Realty will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.97. For the next fiscal year, analysts expect that the company will post earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.09. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Rexford Industrial Realty.

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Rexford Industrial Realty (NYSE:REXR) traded up 0.33% during mid-day trading on Thursday, hitting $24.67. 226,798 shares of the stock were exchanged. Rexford Industrial Realty has a one year low of $18.44 and a one year high of $24.84. The company has a market cap of $1.63 billion, a P/E ratio of 68.53 and a beta of 0.78. The company has a 50-day moving average price of $22.74 and a 200-day moving average price of $22.51.

Rexford Industrial Realty Company Profile

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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