Rexford Industrial Realty, Inc. (NYSE:REXR) Given Average Rating of “Hold” by Analysts

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have received an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $40.6154.

Several research analysts have issued reports on the company. Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Monday, April 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a report on Tuesday, May 12th. Truist Financial cut their price target on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Mizuho cut their price target on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $38.00 to $36.00 in a report on Wednesday.

Rexford Industrial Realty Stock Down 0.1%

Shares of NYSE:REXR opened at $33.08 on Tuesday. The business’s 50 day simple moving average is $35.29 and its two-hundred day simple moving average is $37.07. The firm has a market cap of $7.47 billion, a P/E ratio of 35.56, a PEG ratio of 1.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. The business had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, research analysts forecast that Rexford Industrial Realty will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 annualized dividend and a dividend yield of 5.3%. Rexford Industrial Realty’s dividend payout ratio is 187.10%.

Insider Activity at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Rexford Industrial Realty

Several institutional investors and hedge funds have recently modified their holdings of REXR. V Square Quantitative Management LLC purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter worth approximately $31,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Rexford Industrial Realty in the first quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter worth approximately $34,000. Wiser Advisor Group LLC purchased a new stake in shares of Rexford Industrial Realty in the third quarter worth approximately $34,000. Finally, Allworth Financial LP raised its stake in shares of Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 574 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other 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.