Rexford Industrial Realty (REXR) Projected to Post Quarterly Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $244.73 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Rexford Industrial Realty Price Performance

REXR stock traded down $0.10 during trading on Friday, reaching $40.65. The company's stock had a trading volume of 1,574,084 shares, compared to its average volume of 1,701,638. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The company's fifty day moving average is $39.90 and its 200-day moving average is $45.13. The company has a market capitalization of $9.04 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. Rexford Industrial Realty has a 1 year low of $36.92 and a 1 year high of $54.60.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on REXR shares. Evercore ISI reiterated an "outperform" rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Barclays cut their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a report on Monday, January 13th. Scotiabank downgraded shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $55.00 to $48.00 in a report on Friday, October 25th. Truist Financial cut their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Rexford Industrial Realty presently has an average rating of "Hold" and an average price target of $49.42.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.