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

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Two research 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 1-year price target among analysts that have issued a report on the stock in the last year is $41.9231.

Several equities analysts recently issued reports on the stock. Robert W. Baird set a $40.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, February 17th. Citigroup lowered their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, February 13th. iA Financial set a $45.00 price target on Rexford Industrial Realty in a report on Friday, February 6th. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Finally, Scotiabank decreased their price objective on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $32.90 on Thursday. 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 company has a 50 day moving average price of $36.79 and a 200-day moving average price of $39.61. The company has a market capitalization of $7.63 billion, a PE ratio of 38.71, a P/E/G ratio of 2.36 and a beta of 1.24. Rexford Industrial Realty has a fifty-two week low of $29.68 and a fifty-two week high of $44.38.

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 for the quarter, topping the consensus estimate of $0.58 by $0.01. The business had revenue of $243.43 million during the quarter, compared to analysts’ expectations of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. 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 company also recently announced 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 a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio is presently 204.71%.

Insider Activity

In other news, Director David P. Stockert purchased 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $37.39 per share, with a total value of $186,950.00. Following the completion of the transaction, the director owned 6,829 shares in the company, valued at $255,336.31. This represents a 273.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares in the company, valued at $19,776,727.74. This represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 12,960 shares of company stock valued at $486,804. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Several institutional investors have recently bought and sold shares of REXR. Soroban Capital Partners LP boosted its stake in Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. Norges Bank acquired a new position in Rexford Industrial Realty during the 2nd quarter valued at approximately $104,116,000. Royal London Asset Management Ltd. purchased a new position in shares of Rexford Industrial Realty in the second quarter worth $91,671,000. Nomura Holdings Inc. raised its holdings in shares of Rexford Industrial Realty by 19,554.8% in the second quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock worth $82,622,000 after buying an additional 2,310,988 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Rexford Industrial Realty by 19.5% during the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.