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

Rexford Industrial Realty, Inc. (NYSE:REXR) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three 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 $43.00.

A number of analysts recently weighed in on REXR shares. Evercore ISI reduced their target price on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Monday. Cantor Fitzgerald initiated coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Wall Street Zen lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Mizuho upped their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the sale, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 57,118 shares of company stock valued at $2,345,706 over the last quarter. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

Several large investors have recently added to or reduced their stakes in REXR. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rexford Industrial Realty by 403.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 553 shares in the last quarter. Vision Financial Markets LLC acquired a new position in Rexford Industrial Realty during the third quarter valued at $33,000. Wiser Advisor Group LLC acquired a new position in Rexford Industrial Realty during the third quarter valued at $34,000. Allworth Financial LP lifted its stake in Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 574 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Rexford Industrial Realty during the 3rd quarter worth about $41,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $40.35 on Tuesday. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $9.39 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.22. The company’s 50-day moving average price is $41.48 and its two-hundred day moving average price is $39.79.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $253.24 million during the quarter, compared to analyst estimates of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, sell-side analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. Rexford Industrial Realty’s dividend payout ratio is currently 121.13%.

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.