Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) – Equities researchers at Jefferies Financial Group raised their Q2 2022 EPS estimates for shares of Rexford Industrial Realty in a research note issued to investors on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will earn $0.48 per share for the quarter, up from their previous forecast of $0.47. Jefferies Financial Group also issued estimates for Rexford Industrial Realty’s Q3 2022 earnings at $0.49 EPS, Q4 2022 earnings at $0.50 EPS, FY2022 earnings at $1.93 EPS, Q1 2023 earnings at $0.53 EPS, Q2 2023 earnings at $0.55 EPS, Q3 2023 earnings at $0.57 EPS, Q4 2023 earnings at $0.58 EPS, FY2023 earnings at $2.23 EPS, Q1 2024 earnings at $0.61 EPS and FY2024 earnings at $2.56 EPS.
Rexford Industrial Realty (NYSE:REXR – Get Rating) last released its quarterly earnings data on Wednesday, February 9th. The real estate investment trust reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.08. Rexford Industrial Realty had a return on equity of 3.16% and a net margin of 28.36%. During the same quarter in the prior year, the business earned $0.34 earnings per share.
NYSE REXR opened at $76.18 on Friday. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 95.23, a P/E/G ratio of 4.24 and a beta of 0.76. Rexford Industrial Realty has a 52 week low of $52.47 and a 52 week high of $81.68. The business has a 50 day moving average price of $72.18 and a 200-day moving average price of $70.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.28.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC lifted its holdings in Rexford Industrial Realty by 142.2% during the 3rd quarter. Guggenheim Capital LLC now owns 248,477 shares of the real estate investment trust’s stock worth $14,101,000 after purchasing an additional 145,865 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Rexford Industrial Realty by 1.1% during the 3rd quarter. California Public Employees Retirement System now owns 306,199 shares of the real estate investment trust’s stock worth $17,377,000 after purchasing an additional 3,398 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Rexford Industrial Realty by 15.4% during the 4th quarter. Dupont Capital Management Corp now owns 61,917 shares of the real estate investment trust’s stock worth $5,022,000 after purchasing an additional 8,253 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Rexford Industrial Realty by 13.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 125,650 shares of the real estate investment trust’s stock worth $10,191,000 after purchasing an additional 14,780 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Rexford Industrial Realty by 9.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 519,113 shares of the real estate investment trust’s stock worth $29,458,000 after purchasing an additional 42,705 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 11,814 shares of the company’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $70.04, for a total value of $827,452.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be issued a dividend of $0.315 per share. The ex-dividend date is Wednesday, March 30th. This represents a $1.26 annualized dividend and a yield of 1.65%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.24. Rexford Industrial Realty’s dividend payout ratio is 157.50%.
About Rexford Industrial Realty (Get Rating)
Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013, and is headquartered in Los Angeles, CA.
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