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

10 Wall Street 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 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 twelve-month price targets for Rexford Industrial Realty's stock. Their REXR share price targets range from $45.00 to $70.00. On average, they predict the company's stock price to reach $55.60 in the next year. This suggests a possible upside of 30.1% 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 23.9% and is now trading at $42.72.
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Rexford Industrial Realty saw a increase in short interest in 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 trading volume of 1,770,000 shares, the days-to-cover ratio is presently 8.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
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Rexford Industrial Realty, Inc. (NYSE:REXR) released its earnings results on Thursday, April, 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.30. The real estate investment trust had revenue of $214.10 million for the quarter, compared to analyst estimates of $207.39 million. Rexford Industrial Realty had a net margin of 28.84% and a trailing twelve-month return on equity of 3.10%. Rexford Industrial Realty's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS.

Rexford Industrial Realty declared a quarterly dividend on Wednesday, April 17th. Investors of record on Friday, June 28th will be paid a dividend of $0.417 per share on Monday, July 15th. This represents a $1.67 annualized dividend and a yield of 3.90%. The ex-dividend date is Friday, June 28th.
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 3.95%. 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 153.21%. 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 62.55% 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 issued an update on its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided earnings per share guidance of 2.310-2.340 for the period, compared to the consensus earnings per share estimate of 2.360. 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 a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Hazelview Securities Inc. (0.18%), Reinhart Partners LLC. (0.08%), Vert Asset Management LLC (0.04%) and State of Michigan Retirement System (0.02%). 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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