Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $43.00 Consensus Target Price from Brokerages

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.00.

REXR has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Rexford Industrial Realty from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Industrial Alliance Securities set a $42.00 price target on shares of Rexford Industrial Realty in a research report on Wednesday, November 19th. Barclays lifted 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. Wells Fargo & Company increased their price objective on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Mizuho lifted their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th.

Insider Activity

In other news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $40.06, for a total value of $751,125.00. Following the completion of the sale, the chief executive officer owned 583,538 shares in the company, valued at $23,376,532.28. This represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 57,118 shares of company stock valued at $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds have recently made changes to their positions in REXR. Soroban Capital Partners LP increased its holdings in Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after buying an additional 3,344,677 shares during the last quarter. Norges Bank bought a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at approximately $104,116,000. Royal London Asset Management Ltd. purchased a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $91,671,000. Nomura Holdings Inc. increased its stake in shares of Rexford Industrial Realty by 19,554.8% during the 2nd quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock worth $82,622,000 after purchasing an additional 2,310,988 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Rexford Industrial Realty by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock worth $1,154,629,000 after purchasing an additional 1,749,685 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Trading Up 0.4%

NYSE REXR opened at $39.83 on Tuesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38. The business has a 50 day moving average price of $41.34 and a 200-day moving average price of $39.82. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.47 and a beta of 1.22.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $253.24 million for the quarter, compared to analysts’ expectations of $253.46 million. During the same period last year, the business earned $0.59 EPS. Rexford Industrial Realty’s quarterly revenue was up 4.7% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s payout ratio is currently 121.13%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.