Rexford Industrial Realty Inc (NYSE:REXR) – Analysts at Capital One Financial lifted their Q3 2018 earnings per share estimates for Rexford Industrial Realty in a research report issued to clients and investors on Tuesday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Rexford Industrial Realty’s FY2019 earnings at $1.20 EPS.
REXR has been the subject of several other reports. DA Davidson reissued a “buy” rating on shares of Rexford Industrial Realty in a report on Wednesday. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a report on Tuesday, November 7th. Zacks Investment Research raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, January 4th. JPMorgan Chase & Co. cut Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective for the company. in a report on Friday, December 15th. Finally, BidaskClub cut Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.78.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its stake in shares of Rexford Industrial Realty by 13.6% in the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 453 shares during the last quarter. Jefferies Group LLC bought a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $222,000. Eaton Vance Management bought a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $229,000. BB&T Securities LLC bought a new position in shares of Rexford Industrial Realty in the 3rd quarter valued at $231,000. Finally, Newport Wealth Strategies Inc. bought a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $299,000. Institutional investors own 99.75% of the company’s stock.
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. The ex-dividend date is Wednesday, March 28th. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.30%. Rexford Industrial Realty’s payout ratio is currently 120.83%.
ILLEGAL ACTIVITY NOTICE: “Capital One Financial Equities Analysts Lift Earnings Estimates for Rexford Industrial Realty Inc (REXR)” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.themarketsdaily.com/2018/02/15/capital-one-financial-equities-analysts-lift-earnings-estimates-for-rexford-industrial-realty-inc-rexr.html.
About Rexford Industrial Realty
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.
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.