Revenue Update on Rexford Industrial Realty Inc(NYSE:REXR)

Rexford Industrial Realty Inc(NYSE:REXR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $26.12M. Analysts estimated a revenue of $26.33M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.21.

In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Rexford Industrial Realty Inc. In the research note, the firm Raises the price-target to $18.50 per share. The shares have been rated ‘Neutral’ by the firm. On May 16, 2016, Wunderlich said it Maintains its rating on Rexford Industrial Realty Inc. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Hold’ by the firm.

Rexford Industrial Realty Inc (REXR) remained unchanged at the close of Friday session. Even as the volume increased to 2,81,095 ,the shares failed to make any impression and ended at 0 points or 0.00% at $22.47. The trading session commenced at $22.5 and the stock hit a high of $22.77 and touched $22.39 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $22.97 and the 52-week low is $12.57. The company has a market cap of $1,484 M and has approximately 6,60,28,189 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Howard Schwimmer (Co-CEO, Co-President) sold 11,900 shares at $20.56 per share price.Also, On Jun 13, 2016, Adeel Khan (Chief Financial Officer) sold 17,893 shares at $20.87 per share price.On Jun 6, 2016, Michael S. Frankel (Co-CEO) sold 23,380 shares at $20.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Rexford Industrial Realty Inc. is a self-administered and self-managed full-service real estate investment trust (REIT) focused on owning operating and acquiring industrial properties in Southern California infill markets. The Company owns interests in approximately 120 properties with approximately 11.7 million rentable square feet. The Company also owns 601-605 S. Milliken Ave property located in Ontario California which comprises approximately three buildings containing approximately 128320 square feet on approximately 7.32 acres of land. It owns an interest in a joint venture (the JV) that indirectly owns one property with approximately 0.5 million square feet which the Company also manage. In addition the Company manages an additional 20 properties with approximately 1.2 million rentable square feet. The Company’s properties are concentrated in industries such as wholesale and retail light manufacturing warehousing and storage and business services.

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