Rexford Industrial Realty Inc. (NYSE:REXR) marked $50.66 per share on Thursday, down from a previous closing price of $53.02. While Rexford Industrial Realty Inc. has underperformed by -4.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, REXR fell by -11.63%, with highs and lows ranging from […]
Big sale on one of the best industrial REITs, Rexford. Rents are ripping higher, driving growth in earnings and dividends. Click here to read our analysis of REXR.
Rexford Industrial Realty (NYSE:REXR) had declared $0.315/share quarterly dividend, in line with previous.Payable Oct. 15; for shareholders of record Sept. 30; ex-div Sept.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which m
LOS ANGELES , Sept. 12, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that the Company will present at the Bank of America Securities 2022 Global Real Estate Conference on September 14 , 2022, at 2:10pm ET . A live webcast will be available on the Company''s investor relations website with a replay available until December 14, 2022. In advance of the Company''s participation in upcoming investor meetings, the Company has posted an updated investor presentation which includes quarter-to-date operating results, transactions and capital markets activities. The presentation is available on the Company''s investor relations website at www.ir.rexfordindustrial.com . About Rexford Industrial Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill …
Finding the right real estate investment trusts (REITs) to buy really boost your portfolio – particularly if you’re eager for a regular income stream. REITs are popular for investors who favor dividend stocks because they’re a special class of investment that gets preferential tax treatment. As part of that arrangement, however, the REIT must return 90% of taxable income back to shareholders. The best REITs to buy provide some of the best dividend ratios that you can find in the market. When the economy is cooking, many REITs are a can’t-miss investing opportunity. But what about now, when the economy is struggling, mortgage rates are elevated, and brick-and-mortar retailers are watching their customers turn to e-commerce? Never fear – there are still some great REITs to buy today. You just need a little help to guide you – and that’s where my Portfolio Grader comes in. CPT Camden Property Trust $134.58 HST Host Hotels & Resorts $18.02 PLD Prologis $129.49 PSA Public Storage $342.20 REXR Rexford Industrial Realty $64.73 CUBE CubeSmart $47.49 EXR Extra Space Storage $204.18 Camden Property Trust (CPT) Source: Roman Babakin / Shutterstock The coronavirus pandemic hurt a lot of companies, but Camden Property Trust (NYSE: CPT ) wasn’t one of them.
Rexford Industrial Realty (REXR) said Wednesday it acquired seven industrial properties in prime infill southern California submarkets for $338.9M in total.The acquisitions were…
Rexford Industrial Realty owns a concentrated portfolio of assets in Southern California, the nation''s largest industrial market. Click to read our analysis.
Credit Ratings Upgrade to BBB+ (S&P) and Baa2 (Moody''s) LOS ANGELES , Aug. 18, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California , announced that Moody''s Investors Service ("Moody''s") and S&P Global Ratings ("S&P") upgraded Rexford Industrial''s investment grade issuer and senior unsecured ratings. Moody''s upgraded the Company''s ratings to Baa2 from Baa3 with a stable outlook. S&P upgraded the Company''s ratings to BBB+ from BBB with a stable outlook. "These rating upgrades by both Moody''s and S&P reflect the strength of our differentiated business model driven by our irreplaceable portfolio and value creation expertise within infill Southern California , the nation''s highest demand and lowest vacancy industrial market. Our commitment to maintaining a low-leverage, fortress-like balance sheet positions Rexford Industrial to continue to execute on accretive internal and external growth initiatives, driving significant long-term value creation for our …
Rexford Industrial Realty, Inc. (NYSE:NYSE:REXR) Q2 2022 Earnings Conference Call June 21, 2022, 01:00 PM ET Company Participants David Lanzer - General Counsel and Corporate Secretary…
The following slide deck was published by Rexford Industrial Realty, Inc.
Rexford Industrial Realty (REXR) on Wednesday has lifted its full-year outlook in adjusted core FFO as well as same property portfolio NOI growth following solid Q2 earnings. Going…
Rexford Industrial Realty Misses Q2 EPS by 2c
Rexford Industrial Realty press release (REXR): Q2 FFO of $0.49 beats by $0.01.Revenue of $149.12M (+42.9% Y/Y) in-line.Same Property Portfolio NOI increased 7.0% and Same…
LOS ANGELES , July 20, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties within Southern California infill markets, today announced financial and operating results for the second quarter of 2022. Second Quarter 2022 Financial and Operational Highlights: Net income attributable to common stockholders of $36.1 million , or $0.22 per diluted share, as compared to $20.6 million , or $0.15 per diluted share, for the prior year quarter. Company share of Core FFO of $81.7 million , an increase of 54.7% as compared to the prior year quarter. Company share of Core FFO per diluted share of $0.49 , an increase of 25.6% as compared to the prior year quarter. Consolidated Portfolio Net Operating Income (NOI) of $113.6 million , an increase of 42.5% as compared to the prior year quarter. Same Property Portfolio NOI increased 7.0% and Same Property Portfolio Cash NOI increased 10.1% as compared to the prior year quarter. 99.1% Average Same Property Portfolio occupancy.
Rexford Industrial Realty (NYSE: REXR ) is set to give its latest quarterly earnings report on Wednesday, 2022-07-20. Here''s what investors need to know before the announcement. Analysts estimate that Rexford Industrial Realty will report an earnings per share (EPS) of $0.24. Rexford Industrial Realty bulls will hope to hear the company to announce they''ve not only beaten that estimate, but … Full story available on Benzinga.com
– Acquires Seven Properties for $661 Million within Prime Infill Southern California Submarkets – – Year-to-Date Investments Total $1 .6 Billion – LOS ANGELES , July 19, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced the acquisition of seven industrial properties for an aggregate purchase price of $660.9 million. The purchases were funded using a combination of cash on hand, proceeds from forward equity settlements and the Company''s line of credit. "These investments exemplify Rexford Industrial''s ability to capitalize upon its proprietary market access and unique regional sharpshooter advantage within infill Southern California , the nation''s highest demand and lowest vacancy industrial market. Our $1.6 billion of investments year-to-date, of which approximately 85% were acquired through off-market or lightly marked transactions, are expected to generate substantially above-market stabilized returns on investment and drive accretive cash flow growth," stated Howard Schwimmer and Michael Frankel , Co-Chief Executive Officers of the Company. "Our pipeline of over $500 million of additional investments under contract or accepted offer, combined with our low-leverage balance sheet and significant internal growth initiatives, create a deep well of value-creation opportunities positioned to drive long-term value accretion for our shareholders." In June and July, the Company acquired: A six-building industrial project located at 6221 and 6251 Archibald Avenue and 14301, 14319, 14337 and 14326 Limonite Avenue in Eastvale, located within the Inland Empire – West submarket for $470.0 million , or $445 per square foot.
LOS ANGELES , June 27, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that the Company will release second quarter 2022 financial results after the market closes on Wednesday, July 20, 2022 . A conference call with senior management will be held on Thursday, July, 21, 2022, at 1:00 p.m. Eastern Time . To participate in the … Full story available on Benzinga.com
Rexford Industrial (REXR) said on Tuesday that it acquired six properties for $218.4M within Prime Infill Southern California Submarkets for purchase price of $218.4M.The purchases…
– Acquires Six Properties for $218.4 Million within Prime Infill Southern California Submarkets – – Year-to-Date Investments Total $993 Million – LOS ANGELES , June 21, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced the acquisition of six industrial properties for an aggregate purchase price of $218.4 million. The purchases were funded using a combination of cash on hand and the Company''s line of credit. "Rexford Industrial continues to leverage its differentiated sourcing advantage and value add expertise within infill Southern California , the nation''s most desirable industrial market with occupancy levels at essentially full capacity and an incurable supply-demand imbalance. Tenant demand for Rexford Industrial''s high quality, irreplaceable portfolio continues at historically high levels as demonstrated by the nearly 1 million square feet of leases executed during April and May at leasing spreads of 86% and 63% on a GAAP and cash basis, respectively," stated Howard Schwimmer and Michael Frankel , Co-Chief Executive Officers of the Company. "Our investments year-to-date, of which over 85% were acquired through off-market or lightly marked transactions, plus our pipeline of over $700 million of additional investments under contract or accepted offer, are expected to generate substantially above-market returns on investment and drive favorable cash flow growth as we execute our value-creation strategies.
Rexford Industrial Realty continues to grow at a rapid clip. Why do I think the price investors must pay for REXR stock is rather lofty? Click here to find out.
Rexford Industrial Realty was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday…
Rexford Industrial Realty was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday…
Investors are turning to defensive growth stocks that boast dominant positions in their respective markets. Adobe ( ADBE ): Leading productivity and design solutions for the digital media market with growing enterprise demand. Fiserv ( FISV ): Management anticipates 7% to 9% organic revenue growth and adjusted earnings per share growth of 15% to 17%. IBM ( IBM ): Guided for at least $10 billion of free-cash-flow generation and supports a generous 4.9% dividend yield. Intel ( INTC ): Strong data center and networking markets are expected to offset the downturn in PC demand. Intuitive Surgical ( ISRG ): Commands almost 80% of the global market in robotic-assisted surgeries. T-Mobile ( TMUS ): Reported industry-leading growth in postpaid and broadband customers. Vanguard Small-Cap Growth Index Fund ETF Shares ( VBK ): Offers exposure to a diversified group of small growth companies. Source: wan wei / Shutterstock.com Interest rate hikes and soaring inflation are making investors look for defensive growth stocks.
As market volatility continues, consider scooping up these seven high-quality REITs. Camden Property Trust ( CPT ): Still benefiting from booming housing demand in the U.S. sunbelt. Host Hotels & Resorts ( HST ): Upside from business travel recovery still not fully factored into its valuation. Independence Realty Trust ( IRT ): Apartment REIT with high exposure to inflation and robust housing demand. Mid-America Apartment Communities ( MAA ): Large multifamily REIT, with a history of steady dividend growth. Prologis ( PLD ): Leading name in warehouse space, stands to build on its pandemic era success. Public Storage ( PSA ): Well-covered when it comes to inflation/interest rate concerns. Rexford Industrial Realty ( REXR ): A direct way to play the supply chain crisis. Source: Vitalii Vodolazskyi / Shutterstock As markets remain volatile, you may be looking for steadier investments for your portfolio. If that’s the case, one area you should be looking is in real estate investment trusts (REITs).
Rexford Industrial Realty Inc (REXR) shares closed today at 0.8% below its 52 week high of $61.59, giving the company a market cap of $8B. The stock is currently up 23.7% year-to-date, up 49.3% over the past 12 months, and up 202.3% over the past five years. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 rose 0.2%. Trading Activity Trading volume this week was 36.5% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.4% The company's stock price performance over the past 12 months beats the peer average by 17.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 42.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
LOS ANGELES (AP) _ Rexford Industrial Realty Inc. (REXR) on Wednesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations. The Los Angeles-based real estate investment trust said it had funds from operations of $52.8 million, or 39 cents per share, in the period. The average estimate of []
LOS ANGELES , July 21, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR ), a real estate investment trust ("REIT") focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced financial and operating results for the second quarter of 2021. Second Quarter 2021 Financial and Operational Highlights: Net income attributable to common stockholders of $20.6 million , or $0.15 per diluted share, as compared to $11.4 million , or $0.10 per diluted share, for the second quarter of 2020. Company share of Core FFO of $52.8 million , an increase of 35.9% as compared to the second quarter 2020. Company share of Core FFO per diluted share of $0.39 , an increase of 21.9% as compared to the second quarter 2020. Consolidated Portfolio Net Operating Income (NOI) of $79.7 million , an increase of 30.9% as compared to the second quarter of 2020. Stabilized Same Property Portfolio GAAP NOI increased 10.1% and Stabilized Same Property Portfolio Cash NOI increased 22.0% as compared to the second quarter 2020.
Rexford Industrial Realty Inc (REXR) shares closed today at 1.4% below its 52 week high of $59.99, giving the company a market cap of $7B. The stock is currently up 21.5% year-to-date, up 48.0% over the past 12 months, and up 203.4% over the past five years. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 1.0%. Trading Activity Trading volume this week was 11.2% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -26.7% The company's stock price performance over the past 12 months beats the peer average by 5.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 41.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Rexford Industrial Realty Inc (REXR) shares closed today at 1.4% below its 52 week high of $59.52, giving the company a market cap of $7B. The stock is currently up 19.9% year-to-date, up 42.3% over the past 12 months, and up 198.0% over the past five years. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 0.6%. Trading Activity Trading volume this week was 44.4% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -25.1% The company's stock price performance over the past 12 months beats the peer average by 1.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 42.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
LOS ANGELES , July 6, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that the Company will release second quarter 2021 financial results after the market closes on Wednesday, July 21, 2021 . A conference call with senior management will be held on Thursday, July 22, 2021 , at 1:00 p.m. Eastern Time . Full story available on Benzinga.com
LOS ANGELES , July 1, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that it has exercised the accordion option of the Company''s existing unsecured r evolving credit facility and increased the borrowing capacity by $200 million from $500 million to $700 million . All other material terms and conditions of the Company''s unsecured revolving credit facility remain unchanged. Separately, the Company announced the successful repricing of its $150 million unsecured term loan facility maturing May Full story available on Benzinga.com
LOS ANGELES Bridge Industrial has completed the sale of Box Yard, a four-building, creative industrial business park in downtown Los Angeles. Rexford Industrial acquired the asset for $94 million. Located at 2425, 2445, 2460 and 2535 E. 12th St., Box Yard offers a total of 261,528 square feet of flex space. At the time [] The post Bridge Industrial Sells Box Yard Creative Industrial Park in Downtown Los Angeles to Rexford for $94M appeared first on REBusinessOnline .
Rexford Industrial Realty has picked up another complex in Los Angeles, this time paying $94 million for Box Yard in the Arts District.
Rexford Industrial Realtys June acquisitions more than doubled the square footage that the firm acquired in the first five months of 2021.
LOS ANGELES Rexford Industrial Realty expanded its Southern California portfolio by purchasing five industrial properties for an aggregate acquisition price of $188.9 million. The facilities total 660,254 square feet. The transactions include: The $93.6 million, or $363 per square foot, acquisition of a 257,976-square-foot repositioned industrial campus at 2425-2535 E. 12th St. in [] The post Rexford Industrial Acquires Five Industrial Properties in Southern California for $188.9M appeared first on REBusinessOnline .
LOS ANGELES, June 24, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in
So far this year, the Los Angeles real estate investment firms acquisitions total $232 million.
LOS ANGELES , June 7, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, announced the acquisition of five industrial properties comprising 79,305 square feet of improvements on 18.8 acres of land for an aggregate purchase price of $68.1 million . The Company also announced the disposition of one industrial property for $8.2 million . The acquisitions were funded using a combination of cash-on-hand and 1031 disposition proceeds. "These investments, acquired through off- and lightly-marketed transactions, demonstrate the strength and uniqueness of the Rexford platform. Our proprietary access to the nation''s strongest industrial market in infill Southern California also enables superior return on invested equity and favorable cash flow growth, as we leverage our specialized, value-add expertise," stated Howard Schwimmer and Michael Frankel , Co-Chief Executive Officers of the Company. "As the Southern California high vaccination rate and low Covid case count drive further re-opening of businesses and public facilities combine with unprecedented e-commerce demand growth, our last-mile Southern California logistics portfolio is exceptionally well-positioned within the nation''s highest-demand and lowest-supply industrial market.
LOS ANGELES , June 7, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company") (NYSE: REXR ), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that Co-Chief Executive Officers, Michael Frankel and Howard Schwimmer , along with Chief Financial Officer, Laura Clark , will present at Nareit''s REITWeek: 2021 Virtual Investor Conference on Tuesday, June 8, 2021 from 2:15 p.m to 2:45 p.m Eastern Time, which will be webcast live. To register for the conference and access the live presentation, please click here: REITWeek Virtual Environment .
LOS ANGELES , May 24, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (NYSE: REXR ) (" Rexford " or the "Company"), a real estate investment trust focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock, by the forward purchasers (as defined below) or their affiliates in connection with the forward sale agreements described below, for expected gross proceeds of approximately $500.4 million , before deducting estimated offering expenses. The shares may be offered by the underwriters from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the NYSE, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
LOS ANGELES, May 24, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (NYSE: REXR) ("Rexford" or the "Company"), a real estate investment trust focused on creating value by investing in and operating industrial properties in Southern California infill markets, today announced that it
DekaBank Deutsche Girozentrale lessened its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 10.1% during the first quarter, Holdings Channel reports. The fund owned 47,533 shares of the real estate investment trusts stock after selling 5,320 shares during the period. DekaBank Deutsche Girozentrales holdings in Rexford Industrial Realty were worth $2,402,000 at the end of []
Rexford Industrial Realty (NYSE:REXR) and CorEnergy Infrastructure Trust (NYSE:CORR) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, valuation, profitability, earnings, risk, institutional ownership and analyst recommendations. Analyst Recommendations This is a breakdown of current ratings and price targets for Rexford […]
LOS ANGELES, Jan. 6, 2021 /PRNewswire/ — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that the Company will release fourth quarter and full year 2020 financial results after the… Read More »Rexford Industrial Sets Dates For Fourth Quarter And Full Year 2020 Earnings Release And Conference Call
Zacks Investment Research upgraded shares of Rexford Industrial Realty (NYSE:REXR) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $55.00 price target on the real estate investment trust’s stock. According to Zacks, “Rexford Industrial Realty, Inc. is a real estate investment […]
Rexford Industrial Realty (NYSE:REXR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $55.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of […]
Rexford Industrial Realty (NYSE:REXR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has a $55.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 14.46% from the […]
Rexford Industrial Realty (NYSE:REXR) posted its earnings results on Tuesday. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.11), MarketWatch Earnings reports. The company had revenue of $83.86 million during the quarter, compared to analysts’ expectations of $81.94 million. Rexford Industrial Realty […]
Rexford Industrial Realty (NYSE:REXR) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.29-1.31 for the period, compared to the Thomson Reuters consensus estimate of $1.28. Rexford Industrial Realty also updated its FY 2020 After-Hours guidance to 1.29-1.31 EPS. A number of equities research analysts recently issued reports […]