Press coverage about Rexford Industrial Realty (NYSE:REXR) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a news impact score of 0.07 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.9901527316048 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- BRIEF-Rexford Industrial announces third quarter 2017 financial results (reuters.com)
- Rexford Industrial Announces Third Quarter 2017 Financial Results (bizjournals.com)
- Rexford Industrial Realty (REXR) Reports In-Line Q3 EPS (streetinsider.com)
- Rexford Industrial Realty : reports 3Q results (4-traders.com)
- $39.44 Million in Sales Expected for Rexford Industrial Realty, Inc. (REXR) This Quarter (americanbankingnews.com)
A number of equities research analysts have recently issued reports on REXR shares. FBR & Co reissued a “marketperform” rating and set a $26.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co downgraded shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.75.
Shares of Rexford Industrial Realty (NYSE REXR) traded up $0.21 during trading on Friday, reaching $30.16. 462,331 shares of the company traded hands, compared to its average volume of 501,399. Rexford Industrial Realty has a one year low of $20.05 and a one year high of $30.66. The company has a market cap of $2.35 billion, a P/E ratio of 32.07, a P/E/G ratio of 4.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.10.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 131.82%.
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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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