$0.25 EPS Expected for Rexford Industrial Realty, Inc. (REXR)

April 17, 2018 - By Winifred Garcia

Rexford Industrial Realty, Inc. (NYSE:REXR) LogoInvestors sentiment decreased to 1.32 in Q4 2017. Its down 1.28, from 2.6 in 2017Q3. It worsened, as 20 investors sold Rexford Industrial Realty, Inc. shares while 46 reduced holdings. 22 funds opened positions while 65 raised stakes. 76.51 million shares or 1.52% more from 75.36 million shares in 2017Q3 were reported.
Magnetar Fincl Lc accumulated 19,956 shares or 0.01% of the stock. Ameritas Ptnrs has 6,529 shares. Picton Mahoney Asset accumulated 70,200 shares. Invesco reported 38,907 shares. Ubs Asset Mgmt Americas holds 170,796 shares. Clearbridge Invs Limited Liability Co has invested 0% of its portfolio in Rexford Industrial Realty, Inc. (NYSE:REXR). Pnc Svcs Gp stated it has 0% of its portfolio in Rexford Industrial Realty, Inc. (NYSE:REXR). 624 are held by Whittier Co. Macquarie Gp holds 14,300 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Com accumulated 0.01% or 8,528 shares. Eagle Asset Mngmt holds 475,286 shares. The Massachusetts-based Wellington Management Group Limited Liability Partnership has invested 0.02% in Rexford Industrial Realty, Inc. (NYSE:REXR). Point72 Asia (Hong Kong) Ltd owns 1,268 shares or 0.03% of their US portfolio. Switzerland-based Credit Suisse Ag has invested 0.01% in Rexford Industrial Realty, Inc. (NYSE:REXR). Moreover, Phocas Financial has 1.27% invested in Rexford Industrial Realty, Inc. (NYSE:REXR) for 520,113 shares.

Analysts expect Rexford Industrial Realty, Inc. (NYSE:REXR) to report $0.25 EPS on May, 2.They anticipate $0.02 EPS change or 8.70 % from last quarter’s $0.23 EPS. REXR’s profit would be $20.12 million giving it 29.48 P/E if the $0.25 EPS is correct. After having $0.26 EPS previously, Rexford Industrial Realty, Inc.’s analysts see -3.85 % EPS growth. The stock increased 3.33% or $0.95 during the last trading session, reaching $29.48. About 515,830 shares traded. Rexford Industrial Realty, Inc. (NYSE:REXR) has risen 29.43% since April 17, 2017 and is uptrending. It has outperformed by 17.88% the S&P500.

Rexford Industrial Realty, Inc. (NYSE:REXR) Ratings Coverage

Among 6 analysts covering Rexford Realty (NYSE:REXR), 3 have Buy rating, 2 Sell and 1 Hold. Therefore 50% are positive. Rexford Realty had 8 analyst reports since October 30, 2017 according to SRatingsIntel. The company was downgraded on Friday, December 15 by JP Morgan. The firm has “Buy” rating by Jefferies given on Friday, February 16. On Friday, November 24 the stock rating was maintained by Jefferies with “Buy”. The company was downgraded on Friday, December 15 by J.P. Morgan. On Monday, October 30 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Wednesday, February 14 by Stifel Nicolaus.

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The company has market cap of $2.37 billion. The Firm owns 146 properties with approximately 18.0 million rentable square feet and manages an additional 19 properties with approximately 1.2 million rentable square feet. It has a 61.42 P/E ratio.

Rexford Industrial Realty, Inc. (NYSE:REXR) Institutional Positions Chart

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