Somewhat Positive Press Coverage Somewhat Unlikely to Affect Rexford Industrial Realty (REXR) Stock Price
News headlines about Rexford Industrial Realty (NYSE:REXR) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rexford Industrial Realty earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 48.8591220398722 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Rexford Industrial Realty Inc.: Rexford Industrial Acquires Industrial Property For $13.3 Million (twst.com)
- Rexford Industrial acquires an industrial property (seekingalpha.com)
- Edited Transcript of REXR earnings conference call or presentation 1-Aug-18 5:00pm GMT (finance.yahoo.com)
- Jefferies Financial Group Comments on Rexford Industrial Realty Inc’s FY2018 Earnings (REXR) (americanbankingnews.com)
A number of research firms have recently issued reports on REXR. Zacks Investment Research cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. TheStreet cut shares of Rexford Industrial Realty from a “b” rating to a “c+” rating in a research note on Wednesday, August 1st. Stifel Nicolaus boosted their price objective on shares of Rexford Industrial Realty from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. DA Davidson boosted their price objective on shares of Rexford Industrial Realty from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Finally, Capital One Financial upgraded shares of Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.38.
Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.20). Rexford Industrial Realty had a return on equity of 2.93% and a net margin of 20.19%. The company had revenue of $51.76 million during the quarter, compared to the consensus estimate of $49.60 million. sell-side analysts forecast that Rexford Industrial Realty will post 1.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 27th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 66.67%.
In related news, Director Richard S. Ziman sold 102,043 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $31.32, for a total value of $3,195,986.76. Following the completion of the transaction, the director now owns 64,918 shares in the company, valued at approximately $2,033,231.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.
Rexford Industrial Realty Company Profile
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 158 properties with approximately 19.1 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet.
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