Scotiabank Cuts Rexford Industrial Realty (NYSE:REXR) Price Target to $39.00

Rexford Industrial Realty (NYSE:REXR) had its price objective decreased by Scotiabank from $44.00 to $39.00 in a research note issued to investors on Monday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on REXR. Mizuho boosted their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Truist Financial lowered 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. iA Financial set a $45.00 price target on Rexford Industrial Realty in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Cantor Fitzgerald lowered their price objective on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus target price of $41.92.

Rexford Industrial Realty Stock Up 0.5%

Shares of REXR opened at $37.33 on Monday. The stock has a 50 day moving average price of $38.97 and a 200 day moving average price of $40.57. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 2.69 and a beta of 1.24.

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

Rexford Industrial Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio is 202.35%.

Insider Activity at Rexford Industrial Realty

In other news, Director David P. Stockert bought 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were bought at an average price of $37.39 per share, with a total value of $186,950.00. Following the completion of the transaction, the director directly owned 6,829 shares in the company, valued at $255,336.31. This trade represents a 273.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Fitzmaurice purchased 2,650 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $99,507.50. Following the completion of the purchase, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at $530,694.15. This represents a 23.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 12,960 shares of company stock worth $486,804. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Rexford Industrial Realty by 7.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 241 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in Rexford Industrial Realty by 1.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 278 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rexford Industrial Realty by 6.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 293 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Rexford Industrial Realty by 0.7% in the first quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 308 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Rexford Industrial Realty by 6.2% in the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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.