Rexford Industrial Realty (REXR) to Release Quarterly Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Rexford Industrial Realty to post earnings of $0.27 per share and revenue of $244.73 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Rexford Industrial Realty Trading Down 1.5 %

Shares of Rexford Industrial Realty stock opened at $40.05 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50 day moving average price of $39.90 and a two-hundred day moving average price of $45.09. The stock has a market capitalization of $8.91 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.21 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.

Analysts Set New Price Targets

REXR has been the topic of several research reports. Barclays lowered their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $55.00 to $48.00 in a research note on Friday, October 25th. Mizuho lowered their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Finally, StockNews.com downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Two 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.42.

Rexford Industrial Realty Company Profile

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.