Published: Tue, May 23, 2017
Money | By Armando Alvarado

Rexford Industrial Realty (REXR) Earning Somewhat Negative News Coverage, Report Shows


ILLEGAL ACTIVITY WARNING: "Wunderlich Raises Rexford Industrial Realty Inc (REXR) Price Target to $24.00" was first published by Markets Daily and is owned by of Markets Daily. The institutional investor owned 64,158 shares of the company's stock after buying an additional 1,242 shares during the period. Five analysts have made estimates for Rexford Industrial Realty's earnings, with the lowest sales estimate coming in at $34.58 million and the highest estimate coming in at $37 million. BlackRock Advisors LLC now owns 58,792 shares of the company's stock valued at $1,346,000 after buying an additional 18,138 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Rexford Industrial Realty by 1.6% in the fourth quarter. Indexiq Ltd Liability Company has invested 0.07% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR). Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Rexford Industrial Realty during the fourth quarter worth about $487,000. The company saw 0.22 million shares trade hands over the course of the day. AlphaOne also assigned media headlines about the company an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. The firm has a market cap of $1.64 billion, a P/E ratio of 68.89 and a beta of 0.78. The stock has a 50 day moving average of $22.83 and a 200-day moving average of $22.54. Rexford Industrial Realty has a 52-week low of $19.11 and a 52-week high of $25.75. The company reported $0.23 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.23. The company had revenue of $35.35 million during the quarter, compared to the consensus estimate of $35.53 million.

Analysts await Rexford Industrial Realty Inc (NYSE:REXR) to report earnings on August, 2.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 2.26%. If you are viewing this story on another site, it was illegally copied and reposted in violation of US and global copyright laws. The legal version of this story can be viewed at https://transcriptdaily.com/2017/05/22/rexford-industrial-realty-inc-rexr-shares-bought-by-sumitomo-mitsui-trust-holdings-inc.html.

Analysts are speculating a 42.3% move, based on the high target price ($11) for the shares that is set to reach in the next 12 months.

Wall Street brokerages predict that Rexford Industrial Realty Inc (NYSE:REXR) will announce earnings of $0.23 per share for the current quarter, Zacks Investment Research reports.

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09/25/2015 - Rexford Industrial Realty, Inc. had its "neutral" rating reiterated by analysts at Citigroup.

05/08/2015 - Rexford Industrial Realty, Inc. had its "buy" rating reiterated by analysts at D.A. Davidson. Investors who are keeping close eye on the stock of Incyte Corporation (NASDAQ:INCY) established that the company was able to keep return on investment at -9.69 in the trailing twelve month while Reuters data showed that industry's average stands at 2.34 and sector's optimum level is -5.89. The stock has a consensus rating of "Hold" and a consensus target price of $24.67.

The firm now has a "hold" rating on the real estate investment trust's stock. The Firm is focused on owning, operating and acquiring industrial properties in Southern California infill markets.

Returns and Valuations for Rexford Industrial Realty, Inc.

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