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

Rexford Industrial Realty (NYSE:REXR) is anticipated to release its earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $41.15 on Wednesday. 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 capitalization of $9.15 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. Rexford Industrial Realty has a twelve month low of $36.92 and a twelve month high of $54.60. The stock’s 50-day simple moving average is $40.00 and its 200 day simple moving average is $45.29.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Scotiabank lowered shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $55.00 to $48.00 in a report on Friday, October 25th. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Finally, Barclays cut their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus 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.