Rexford Industrial Realty (REXR) to Release Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR) is expected to be releasing its earnings data after the market closes on Wednesday, April 16th. Analysts expect Rexford Industrial Realty to post earnings of $0.58 per share and revenue of $246.74 million for the quarter. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, analysts expect Rexford Industrial Realty to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Rexford Industrial Realty Stock Up 0.9 %

NYSE:REXR opened at $32.79 on Tuesday. The firm has a market cap of $7.47 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty has a 1-year low of $29.68 and a 1-year high of $52.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50-day moving average of $38.82 and a 200 day moving average of $40.92.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.25%. Rexford Industrial Realty’s dividend payout ratio is presently 142.15%.

Analysts Set New Price Targets

Several brokerages recently commented on REXR. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Robert W. Baird dropped their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Barclays cut their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th. Scotiabank reduced their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $46.17.

About Rexford Industrial Realty

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