Rexford Industrial Realty (NYSE:REXR) Upgraded at Mizuho

Mizuho upgraded shares of Rexford Industrial Realty (NYSE:REXR) from a neutral rating to an outperform rating in a research report released on Tuesday morning, MarketBeat reports. They currently have $41.00 target price on the real estate investment trust’s stock, up from their previous target price of $38.00.

Other equities analysts have also recently issued research reports about the stock. Scotiabank boosted their price objective on shares of Rexford Industrial Realty from $38.00 to $40.00 and gave the company a “sector outperform” rating in a research report on Monday, August 31st. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Wells Fargo & Company dropped their target price on shares of Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Jefferies Financial Group cut Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Thursday, August 6th. Finally, Weiss Ratings cut Rexford Industrial Realty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.13.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $36.95 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The firm has a market cap of $8.24 billion, a PE ratio of 15.43 and a beta of 1.18. The business has a 50 day moving average price of $37.23 and a 200-day moving average price of $35.96.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%. The firm had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts predict that Rexford Industrial Realty will post 2.40 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.4350 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is currently -96.13%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd raised its holdings in Rexford Industrial Realty by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 387 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Rexford Industrial Realty by 125.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 700 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 390 shares in the last quarter. Koa Wealth Management LLC boosted its stake in shares of Rexford Industrial Realty by 0.9% during the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock valued at $1,514,000 after purchasing an additional 408 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 13.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 441 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.