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

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $41.00.

REXR has been the topic of several analyst reports. Mizuho dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Robert W. Baird set a $40.00 price objective on Rexford Industrial Realty in a report on Tuesday, February 17th. Scotiabank dropped their price objective on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 21st. Finally, Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Monday, April 13th.

Rexford Industrial Realty Stock Performance

Shares of NYSE:REXR opened at $34.75 on Tuesday. The company has a market cap of $7.84 billion, a P/E ratio of 37.37, a PEG ratio of 1.46 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 one year low of $32.14 and a one year high of $44.38. The business’s 50-day simple moving average is $35.29 and its 200 day simple moving average is $37.28.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data 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. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The company had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.79 million. During the same period in the previous year, the business earned $0.62 EPS. Rexford Industrial Realty’s revenue for the quarter was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, sell-side analysts forecast that Rexford Industrial Realty will post 2.41 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.435 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 5.0%. Rexford Industrial Realty’s payout ratio is currently 187.10%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the sale, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Rexford Industrial Realty by 7.4% in 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. Lazard Asset Management LLC grew its position in shares of Rexford Industrial Realty by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after acquiring an additional 362 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Rexford Industrial Realty by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Rexford Industrial Realty by 8.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 387 shares in the last quarter. Finally, Koa Wealth Management LLC grew its position in shares of Rexford Industrial Realty by 0.9% in 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 acquiring an additional 408 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.