Rexford Industrial Realty (REXR) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" REXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REXR, but not buy additional shares or sell existing shares.
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10 brokers have issued 1 year target prices for Rexford Industrial Realty's stock. Their REXR share price targets range from $45.00 to $70.00. On average, they anticipate the company's share price to reach $55.60 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $56.10 on January 1st, 2024. Since then, REXR shares have decreased by 20.4% and is now trading at $44.66.
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Rexford Industrial Realty saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 15,020,000 shares, an increase of 291.1% from the March 15th total of 3,840,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is currently 8.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our REXR earnings forecast.

Rexford Industrial Realty will be holding an earnings conference call on Thursday, April 18th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Rexford Industrial Realty, Inc. (NYSE:REXR) posted its earnings results on Wednesday, October, 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.29. The real estate investment trust earned $205.40 million during the quarter, compared to analysts' expectations of $201.96 million. Rexford Industrial Realty had a trailing twelve-month return on equity of 3.11% and a net margin of 29.75%. Rexford Industrial Realty's revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share.

Rexford Industrial Realty declared a quarterly dividend on Monday, February 5th. Investors of record on Thursday, March 28th will be given a dividend of $0.4175 per share on Monday, April 15th. This represents a $1.67 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for REXR.

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.67 per share and currently has a dividend yield of 3.58%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 149.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, REXR will have a dividend payout ratio of 63.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REXR.

ETFs with the largest weight of Rexford Industrial Realty (NYSE:REXR) stock in their portfolio include Principal Real Estate Active Opportunities ETF (BYRE), Intelligent Real Estate ETF (PRVT), Invesco Active U.S. Real Estate ETF (PSR), Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), WisdomTree New Economy Real Estate Fund (WTRE), JPMorgan Realty Income ETF (JPRE) and IQ CBRE NextGen Real Estate ETF (ROOF).

Rexford Industrial Realty updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of 2.270-2.300 for the period, compared to the consensus EPS estimate of 2.450. The company issued revenue guidance of -.

20 employees have rated Rexford Industrial Realty Chief Executive Officer Howard Schwimmer & Michael S. Frankel on Glassdoor.com. Howard Schwimmer & Michael S. Frankel has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rexford Industrial Realty investors own include Phillips 66 (PSX), Verizon Communications (VZ), PepsiCo (PEP), Walt Disney (DIS), Starbucks (SBUX), Bristol-Myers Squibb (BMY), Biogen (BIIB), Gilead Sciences (GILD), NVIDIA (NVDA) and Bioverativ (BIVV).

Rexford Industrial Realty's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hazelview Securities Inc. (0.18%), Reinhart Partners LLC. (0.08%), Vert Asset Management LLC (0.04%), First Financial Bank Trust Division (0.02%), Perpetual Ltd (0.01%) and Los Angeles Capital Management LLC (0.00%). Insiders that own company stock include David E Lanzer, David E Lanzer, Howard Schwimmer, Laura E Clark and Michael S Frankel.
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Shares of REXR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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