Brokerages expect that Rexford Industrial Realty Inc (NASDAQ:REXR) will announce earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Rexford Industrial Realty’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.21. Rexford Industrial Realty posted earnings of $0.21 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that Rexford Industrial Realty will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.92 to $0.97. For the next year, analysts expect that the business will post earnings of $1.05 per share, with EPS estimates ranging from $1.01 to $1.09. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Rexford Industrial Realty.

Rexford Industrial Realty (NASDAQ:REXR) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The business had revenue of $35.35 million during the quarter, compared to analyst estimates of $35.53 million. During the same quarter in the previous year, the business earned $0.22 EPS. Rexford Industrial Realty’s quarterly revenue was up 28.5% compared to the same quarter last year.

REXR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. National Securities reiterated a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a research note on Thursday, May 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price target on shares of Rexford Industrial Realty in a research note on Monday, March 20th. Wunderlich reiterated a “hold” rating and issued a $24.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target (up previously from $27.50) on shares of Rexford Industrial Realty in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.43.

TRADEMARK VIOLATION NOTICE: “Rexford Industrial Realty Inc (REXR) Expected to Post Earnings of $0.23 Per Share” was posted by Financial Market News and is the property of of Financial Market News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.financial-market-news.com/2017/06/17/rexford-industrial-realty-inc-rexr-expected-to-post-earnings-of-0-23-per-share.html.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Rexford Industrial Realty by 1.2% in the first quarter. Vanguard Group Inc. now owns 7,917,485 shares of the company’s stock worth $178,301,000 after buying an additional 91,731 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Rexford Industrial Realty by 1,607.5% in the first quarter. BlackRock Inc. now owns 5,832,562 shares of the company’s stock worth $131,347,000 after buying an additional 5,490,976 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Rexford Industrial Realty by 6.7% in the first quarter. Wellington Management Group LLP now owns 2,630,219 shares of the company’s stock worth $59,233,000 after buying an additional 164,973 shares in the last quarter. State Street Corp boosted its stake in shares of Rexford Industrial Realty by 4.2% in the first quarter. State Street Corp now owns 2,207,502 shares of the company’s stock worth $49,714,000 after buying an additional 89,682 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Rexford Industrial Realty by 7.3% in the first quarter. Principal Financial Group Inc. now owns 1,670,177 shares of the company’s stock worth $37,612,000 after buying an additional 114,319 shares in the last quarter.

Rexford Industrial Realty (NASDAQ:REXR) traded down 1.01% during midday trading on Wednesday, hitting $27.54. 1,620,003 shares of the company traded hands. Rexford Industrial Realty has a 12-month low of $20.05 and a 12-month high of $28.37. The stock’s 50-day moving average is $26.50 and its 200-day moving average is $23.92. The firm has a market capitalization of $1.83 billion and a PE ratio of 70.80.

The company also recently declared a dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.367 dividend. The ex-dividend date is Tuesday, June 13th.

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.

Get a free copy of the Zacks research report on Rexford Industrial Realty (REXR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rexford Industrial Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc and related companies with MarketBeat.com's FREE daily email newsletter.