Rexford Industrial Realty (REXR) Expected to Announce Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Rexford Industrial Realty to post earnings of $0.27 per share and revenue of $244.73 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $41.15 on Wednesday. The company has a market cap of $9.15 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.16 and a beta of 0.95. The firm’s fifty day moving average price is $40.00 and its two-hundred day moving average price is $45.29. Rexford Industrial Realty has a one year low of $36.92 and a one year high of $54.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20.

Analysts Set New Price Targets

Several research firms have weighed in on REXR. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock. Mizuho lowered their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and reduced their price target for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Truist Financial lowered their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.42.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.