Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $43.08 Consensus Target Price from Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $43.0769.

REXR has been the subject of several recent research reports. Scotiabank increased their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Truist Financial upped their price objective on Rexford Industrial Realty from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Barclays boosted their price target on Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, September 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Rexford Industrial Realty by 5.7% in the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock worth $1,154,629,000 after acquiring an additional 1,749,685 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Rexford Industrial Realty by 1.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 27,443,472 shares of the real estate investment trust’s stock valued at $1,074,413,000 after purchasing an additional 445,743 shares during the last quarter. State Street Corp increased its holdings in shares of Rexford Industrial Realty by 4.9% in the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Soroban Capital Partners LP raised its position in Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after purchasing an additional 3,344,677 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its position in Rexford Industrial Realty by 7.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,808,035 shares of the real estate investment trust’s stock worth $188,235,000 after purchasing an additional 315,869 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $41.61 on Friday. The stock has a 50 day moving average of $41.63 and a two-hundred day moving average of $39.15. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty has a 12 month low of $29.68 and a 12 month high of $44.38. The company has a market capitalization of $9.69 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.05 and a beta of 1.15.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The business had revenue of $253.24 million during the quarter, compared to analyst estimates of $253.46 million. During the same period in the prior year, the company posted $0.59 earnings per share. Rexford Industrial Realty’s revenue was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, equities analysts expect that Rexford Industrial Realty will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is currently 121.13%.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.