Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Rexford Industrial Realty (REXR) Stock Price

News stories about Rexford Industrial Realty (NYSE:REXR) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rexford Industrial Realty earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.1648594086881 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several equities research analysts have recently commented on REXR shares. Stifel Nicolaus boosted their price objective on Rexford Industrial Realty from $27.50 to $30.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. FBR & Co restated a “marketperform” rating and set a $26.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, July 11th. Finally, BidaskClub downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Rexford Industrial Realty presently has an average rating of “Buy” and an average target price of $23.75.

Shares of Rexford Industrial Realty (REXR) opened at 29.96 on Friday. The company’s 50-day moving average price is $28.99 and its 200 day moving average price is $26.31. The company has a market cap of $2.12 billion, a P/E ratio of 64.15 and a beta of 0.77. Rexford Industrial Realty has a one year low of $20.05 and a one year high of $30.60.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.14. Rexford Industrial Realty’s dividend payout ratio (DPR) is 128.89%.

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Rexford Industrial Realty Company Profile

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.

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