Rexford Industrial Realty (NYSE:REXR - Get Free Report) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31, Zacks reports. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Rexford Industrial Realty updated its FY 2025 guidance to 2.370-2.410 EPS.
Rexford Industrial Realty Stock Down 2.5 %
REXR stock traded down $1.00 during midday trading on Friday, hitting $39.56. The stock had a trading volume of 4,857,119 shares, compared to its average volume of 1,987,753. The business has a 50-day moving average of $39.68 and a two-hundred day moving average of $44.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.20. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. Rexford Industrial Realty has a 52-week low of $36.92 and a 52-week high of $53.88.
Rexford Industrial Realty Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.43 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.35%. Rexford Industrial Realty's payout ratio is currently 138.02%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on REXR. StockNews.com lowered Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research note on Monday, October 21st. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a research note on Friday, October 18th. Mizuho decreased their target price on shares of 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. Barclays dropped their price target on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research report on Monday, January 13th. Finally, Bank of America cut shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $49.00 in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $49.42.
Get Our Latest Stock Report on REXR
About Rexford Industrial Realty
(
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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.
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