Analysts expect Rexford Industrial Realty Inc (NYSE:REXR) to announce earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Rexford Industrial Realty’s earnings, with estimates ranging from $0.26 to $0.27. Rexford Industrial Realty reported earnings per share of $0.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Rexford Industrial Realty will report full year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.10. For the next financial year, analysts expect that the firm will report earnings of $1.15 per share, with EPS estimates ranging from $1.14 to $1.17. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rexford Industrial Realty.
Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $54.47 million for the quarter, compared to analyst estimates of $55.09 million. Rexford Industrial Realty had a return on equity of 3.18% and a net margin of 22.47%. Rexford Industrial Realty’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share.
Rexford Industrial Realty stock traded down $0.32 during midday trading on Friday, hitting $32.98. 348,453 shares of the company were exchanged, compared to its average volume of 452,263. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.81 and a beta of 0.66. Rexford Industrial Realty has a fifty-two week low of $26.32 and a fifty-two week high of $33.46. The company has a quick ratio of 6.21, a current ratio of 6.21 and a debt-to-equity ratio of 0.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, December 28th. Rexford Industrial Realty’s payout ratio is currently 66.67%.
Large investors have recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Rexford Industrial Realty by 2,555.0% in the second quarter. Assetmark Inc. now owns 3,717 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 3,577 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Rexford Industrial Realty by 104.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,230 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 2,158 shares during the last quarter. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Rexford Industrial Realty in the third quarter worth approximately $205,000. D.A. Davidson & CO. acquired a new stake in shares of Rexford Industrial Realty in the second quarter worth approximately $210,000. Finally, Toronto Dominion Bank acquired a new stake in shares of Rexford Industrial Realty in the second quarter worth approximately $282,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
About Rexford Industrial Realty
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 166 properties with approximately 20.3 million rentable square feet and manages an 20 properties with approximately 1.2 million rentable square feet.
See Also: Diversification
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.