Rexford Industrial Realty (NYSE:REXR) posted its earnings results on Tuesday. The real estate investment trust reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06, MarketWatch Earnings reports. Rexford Industrial Realty had a net margin of 25.70% and a return on equity of 2.96%. The firm had revenue of $104.24 million for the quarter, compared to the consensus estimate of $103.03 million. During the same period in the previous year, the firm posted $0.32 EPS. The business’s quarterly revenue was up 30.7% on a year-over-year basis.
Shares of NYSE REXR traded down $0.32 during trading hours on Thursday, reaching $60.21. The stock had a trading volume of 42,132 shares, compared to its average volume of 800,087. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 100.88, a price-to-earnings-growth ratio of 4.64 and a beta of 0.62. Rexford Industrial Realty has a 52-week low of $39.33 and a 52-week high of $60.91. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $57.31.
In related news, CEO Michael S. Frankel sold 6,195 shares of the business’s stock in a transaction that occurred on Wednesday, April 28th. The shares were sold at an average price of $55.54, for a total value of $344,070.30. Following the completion of the transaction, the chief executive officer now owns 55,170 shares of the company’s stock, valued at $3,064,141.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David E. Lanzer sold 2,810 shares of the business’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $55.34, for a total transaction of $155,505.40. The disclosure for this sale can be found here. Insiders sold 86,675 shares of company stock valued at $4,791,620 in the last three months. 1.50% of the stock is currently owned by insiders.
About Rexford Industrial Realty
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
Further Reading: Nikkei 225 Index
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.