Brokerages Set Rexford Industrial Realty, Inc. (NYSE:REXR) PT at $41.92

Rexford Industrial Realty, Inc. (NYSE:REXR) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned 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 $41.9231.

A number of equities analysts have weighed in on REXR shares. Robert W. Baird set a $40.00 price target on Rexford Industrial Realty in a research report on Tuesday, February 17th. Cantor Fitzgerald reduced their target price on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Mizuho boosted their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Truist Financial decreased their target price on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th.

Insider Activity

In related news, CFO Michael Fitzmaurice bought 2,650 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $37.55 per share, for a total transaction of $99,507.50. Following the purchase, the chief financial officer owned 14,133 shares in the company, valued at $530,694.15. This represents a 23.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Laura E. Clark bought 5,310 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average cost of $37.73 per share, with a total value of $200,346.30. Following the acquisition, the chief operating officer directly owned 5,310 shares in the company, valued at $200,346.30. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 12,960 shares of company stock valued at $486,804 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares during the period. AQR Capital Management LLC increased its position in Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after buying an additional 89,390 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after buying an additional 526,877 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Rexford Industrial Realty by 131.3% during the second quarter. Atria Investments Inc now owns 15,761 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 8,946 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Rexford Industrial Realty by 24.8% in the second quarter. Bank of Montreal Can now owns 67,760 shares of the real estate investment trust’s stock valued at $2,410,000 after acquiring an additional 13,470 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $34.83 on Friday. The firm has a 50-day moving average of $38.55 and a 200-day moving average of $40.41. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $44.38. The company has a market cap of $8.07 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The company had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $249.05 million. During the same period in the prior year, the firm earned $0.58 EPS. Rexford Industrial Realty’s quarterly revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities analysts forecast that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.435 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio is presently 202.35%.

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.