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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month target prices for Rexford Industrial Realty's stock. Their REXR share price targets range from $45.00 to $70.00. On average, they expect the company's stock price to reach $55.60 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $56.10 at the beginning of the year. Since then, REXR shares have decreased by 23.0% and is now trading at $43.19.
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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 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) posted its quarterly earnings results on Wednesday, April, 17th. 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 earned $214.10 million during the quarter, compared to analyst estimates of $207.39 million. Rexford Industrial Realty had a net margin of 29.75% and a trailing twelve-month return on equity of 3.11%. Rexford Industrial Realty's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS.

Rexford Industrial Realty announced a quarterly dividend on Monday, February 5th. Investors of record on Thursday, March 28th will be paid a dividend of $0.4175 per share on Monday, April 15th. This represents a $1.67 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change 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 3.74%. 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 issued an update on its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided earnings per share (EPS) guidance of 2.310-2.340 for the period, compared to the consensus EPS 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 investors include Allspring Global Investments Holdings LLC (0.75%), Hazelview Securities Inc. (0.18%), Reinhart Partners LLC. (0.08%), Vert Asset Management LLC (0.04%), First Financial Bank Trust Division (0.02%) and Perpetual Ltd (0.01%). 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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