Equities analysts expect Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) to announce sales of $147.89 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Rexford Industrial Realty’s earnings. The lowest sales estimate is $142.60 million and the highest is $153.17 million. Rexford Industrial Realty posted sales of $104.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 41.7%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Rexford Industrial Realty will report full-year sales of $593.22 million for the current financial year, with estimates ranging from $580.50 million to $605.93 million. For the next year, analysts expect that the company will post sales of $662.06 million, with estimates ranging from $652.32 million to $671.80 million. Zacks’ sales averages are an average based on a survey of research firms that cover Rexford Industrial Realty.
Rexford Industrial Realty (NYSE:REXR – Get Rating) last released its earnings results on Tuesday, April 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The firm had revenue of $140.80 million for the quarter, compared to the consensus estimate of $141.60 million. Rexford Industrial Realty had a return on equity of 3.22% and a net margin of 29.60%. The firm’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS.
Shares of REXR opened at $66.55 on Wednesday. The business’s 50-day moving average is $74.43 and its two-hundred day moving average is $73.23. The company has a market capitalization of $10.98 billion, a P/E ratio of 75.63, a P/E/G ratio of 3.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.70. Rexford Industrial Realty has a fifty-two week low of $53.29 and a fifty-two week high of $84.68.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, June 29th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 143.18%.
A number of institutional investors have recently modified their holdings of REXR. First Trust Advisors LP lifted its stake in Rexford Industrial Realty by 419.1% in the 1st quarter. First Trust Advisors LP now owns 90,000 shares of the real estate investment trust’s stock valued at $3,223,000 after buying an additional 72,663 shares in the last quarter. Citadel Advisors LLC lifted its stake in Rexford Industrial Realty by 64.5% in the 2nd quarter. Citadel Advisors LLC now owns 10,866 shares of the real estate investment trust’s stock valued at $619,000 after buying an additional 4,261 shares in the last quarter. Raymond James & Associates purchased a new position in Rexford Industrial Realty in the 3rd quarter valued at about $221,000. Advisor Group Holdings Inc. lifted its stake in Rexford Industrial Realty by 42.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 4,242 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 1,258 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Rexford Industrial Realty by 11.6% in the 3rd quarter. Truist Financial Corp now owns 8,172 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 847 shares in the last quarter. 98.53% of the stock is currently owned by hedge funds and other institutional investors.
About Rexford Industrial Realty (Get Rating)
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
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