Rexford Industrial Realty (REXR) Projected to Post Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $244.73 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $40.05 on Tuesday. The business’s 50-day moving average price is $39.90 and its 200 day moving average price is $45.09. Rexford Industrial Realty has a 52-week low of $36.92 and a 52-week high of $53.88. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market cap of $8.91 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.21 and a beta of 0.95.

Analysts Set New Price Targets

Several research firms recently weighed in on REXR. StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Mizuho lowered their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock. Finally, Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.