Somewhat Positive Press Coverage Somewhat Unlikely to Impact Rexford Industrial Realty (REXR) Share Price

News stories about Rexford Industrial Realty (NYSE:REXR) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rexford Industrial Realty earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.071719354391 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

A number of analysts have commented on REXR shares. Stifel Nicolaus upped their target price on shares of Rexford Industrial Realty from $27.50 to $30.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Wunderlich upped their target price on shares of Rexford Industrial Realty from $22.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. FBR & Co reiterated a “marketperform” rating and issued a $26.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. Finally, National Securities reiterated a “neutral” rating and issued a $14.00 price target on shares of Rexford Industrial Realty in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Rexford Industrial Realty presently has an average rating of “Buy” and a consensus target price of $23.75.

Rexford Industrial Realty (NYSE REXR) opened at 28.36 on Friday. The company’s 50 day moving average is $27.91 and its 200-day moving average is $25.37. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 60.73 and a beta of 0.78. Rexford Industrial Realty has a 12 month low of $20.05 and a 12 month high of $29.02.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s payout ratio is 128.89%.

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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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