Brokerages Set Rexford Industrial Realty, Inc. (NYSE:REXR) Price Target at $40.62

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $40.5714.

Several equities research analysts recently issued reports on REXR shares. Jefferies Financial Group downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Thursday. Truist Financial lowered their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Weiss Ratings lowered Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Finally, Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th.

Rexford Industrial Realty Stock Up 0.8%

NYSE REXR opened at $36.78 on Thursday. The stock has a market cap of $8.20 billion, a PE ratio of -20.32, a P/E/G ratio of 1.53 and a beta of 1.19. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The business has a 50 day moving average price of $35.30 and a two-hundred day moving average price of $35.96. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The firm had revenue of $243.00 million for the quarter, compared to analysts’ expectations of $240.24 million. During the same quarter in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, sell-side analysts predict that Rexford Industrial Realty will post 2.41 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is presently -96.13%.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth approximately $764,000. BlackRock Inc. acquired a new stake in Rexford Industrial Realty in the second quarter valued at $1,293,168,000. Deutsche Bank AG bought a new position in Rexford Industrial Realty during the 2nd quarter valued at $3,975,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Rexford Industrial Realty during the 2nd quarter valued at $6,457,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Rexford Industrial Realty during the 2nd quarter worth $9,053,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Company Profile

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.