Rexford Industrial Realty (REXR) to Release Quarterly 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.Investors interested in participating in the company’s conference call can do so using this link.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share 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 %

Shares of NYSE:REXR opened at $32.79 on Tuesday. 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 market capitalization 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 business has a fifty day moving average price of $38.82 and a two-hundred day moving average price of $40.92.

Rexford Industrial Realty Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on REXR shares. Robert W. Baird lowered their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays decreased their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price for the company. Scotiabank lowered their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th. Finally, Mizuho dropped their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and an average target price of $46.17.

Rexford Industrial Realty Company Profile

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.