News articles about Rexford Industrial Realty (NYSE:REXR) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty 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 coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.8387655368242 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. National Securities reaffirmed a “buy” rating and set a $34.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, February 27th. B. Riley set a $30.00 price objective on shares of Rexford Industrial Realty and gave the company a “hold” rating in a report on Tuesday, February 20th. DA Davidson reiterated a “buy” rating on shares of Rexford Industrial Realty in a report on Wednesday, February 14th. Finally, Capital One Financial downgraded shares of Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.70.
Rexford Industrial Realty (REXR) opened at $28.41 on Thursday. Rexford Industrial Realty has a fifty-two week low of $21.61 and a fifty-two week high of $31.71. The company has a market cap of $2,210.00, a price-to-earnings ratio of 59.19, a price-to-earnings-growth ratio of 4.57 and a beta of 0.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.50 and a quick ratio of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.16 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 28th. Rexford Industrial Realty’s payout ratio is currently 120.83%.
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Rexford Industrial Realty Company Profile
Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.
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