Rexford Industrial Realty (NYSE:REXR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Rexford Industrial Realty (NYSE:REXR) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research analysts have also recently issued reports on REXR. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Monday, April 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday. Finally, Citigroup lowered their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.92.

Rexford Industrial Realty Trading Down 1.4%

Shares of REXR opened at $34.76 on Friday. The firm’s 50-day moving average price is $34.93 and its 200-day moving average price is $38.20. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 1.45 and a beta of 1.23. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty has a 1-year low of $32.14 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Sell-side analysts anticipate that Rexford Industrial Realty will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 5.0%. Rexford Industrial Realty’s payout ratio is 187.10%.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 23,132 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the transaction, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Fitzmaurice bought 2,650 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $37.55 per share, with a total value of $99,507.50. Following the completion of the acquisition, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at approximately $530,694.15. The trade was a 23.08% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 12,960 shares of company stock valued at $486,804. 1.80% of the stock is owned by company insiders.

Institutional Trading of Rexford Industrial Realty

Large investors have recently made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Rexford Industrial Realty in the third quarter worth approximately $1,879,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Rexford Industrial Realty by 24.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock worth $12,529,000 after acquiring an additional 63,313 shares during the period. Cibc World Market Inc. bought a new stake in shares of Rexford Industrial Realty in the third quarter worth approximately $41,111,000. Whittier Trust Co. grew its stake in shares of Rexford Industrial Realty by 30.6% in the third quarter. Whittier Trust Co. now owns 383,961 shares of the real estate investment trust’s stock worth $16,000,000 after acquiring an additional 89,903 shares during the period. Finally, Barclays PLC grew its stake in shares of Rexford Industrial Realty by 175.0% in the third quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock worth $82,011,000 after acquiring an additional 1,269,603 shares during the period. 99.52% of the stock is currently owned by institutional investors.

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.