Rexford Industrial Realty (NYSE:REXR) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Rexford Industrial Realty (NYSE:REXR - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05, Zacks reports. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The firm had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. Rexford Industrial Realty updated its FY 2025 guidance to 2.370-2.410 EPS.

Rexford Industrial Realty Trading Down 0.4 %

Shares of NYSE:REXR traded down $0.12 during trading on Friday, hitting $32.58. 4,910,036 shares of the company's stock were exchanged, compared to its average volume of 1,885,025. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a market cap of $7.69 billion, a P/E ratio of 26.92, a PEG ratio of 2.62 and a beta of 0.99. The firm has a 50-day moving average price of $38.20 and a two-hundred day moving average price of $40.57. Rexford Industrial Realty has a 1-year low of $29.68 and a 1-year high of $52.61.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.28%. Rexford Industrial Realty's payout ratio is presently 138.71%.

Analyst Ratings Changes

Several research firms have recently issued reports on REXR. JPMorgan Chase & Co. decreased their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Mizuho decreased their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Barclays dropped their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 25th. Finally, Scotiabank reduced their target price on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.