Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Rexford Industrial Realty (REXR) Stock Price

Media headlines about Rexford Industrial Realty (NASDAQ:REXR) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a news impact score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.1648594086881 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

REXR has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of Rexford Industrial Realty in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, August 31st. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $23.00 to $32.00 in a research report on Tuesday, August 29th. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $30.00 target price (up from $27.50) on shares of Rexford Industrial Realty in a research report on Wednesday, June 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.86.

Rexford Industrial Realty (NASDAQ REXR) opened at 29.96 on Friday. The stock has a 50 day moving average of $28.99 and a 200 day moving average of $26.31. The stock has a market capitalization of $2.12 billion and a P/E ratio of 64.15. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $30.60.

Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $36.78 million during the quarter, compared to analysts’ expectations of $36.75 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. Rexford Industrial Realty’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. On average, equities research analysts forecast that Rexford Industrial Realty will post $0.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.145 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.94%.

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About Rexford Industrial Realty

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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