Rexford Industrial Realty, Inc. (NYSE:REXR) Receives Average Rating of “Hold” from Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.87.

REXR has been the topic of a number of research analyst reports. Raymond James Financial raised Rexford Industrial Realty from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 15th. BMO Capital Markets increased their price objective on Rexford Industrial Realty from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, August 3rd. Jefferies Financial Group cut shares of 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, Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th.

Rexford Industrial Realty Stock Down 0.6%

REXR stock opened at $36.04 on Friday. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $37.42 and a 200-day simple moving average of $35.75. The stock has a market capitalization of $8.04 billion, a P/E ratio of -19.91 and a beta of 1.18.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share 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 company had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. During the same period in the prior year, the business posted $0.59 earnings per share. The company’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 analysts forecast that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.4350 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently -96.13%.

Institutional Trading of Rexford Industrial Realty

Several large investors have recently bought and sold shares of the business. IFM Investors Pty Ltd lifted its position in shares of Rexford Industrial Realty by 1.0% during the first 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. grew its holdings in 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. Koa Wealth Management LLC increased its stake in 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 worth $1,514,000 after buying an additional 408 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 worth $125,000 after buying an additional 441 shares during the period. Finally, Twin Capital Management Inc. lifted its holdings in Rexford Industrial Realty by 1.8% in the 1st quarter. Twin Capital Management Inc. now owns 25,371 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.