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

Rexford Industrial Realty, Inc. (NYSE:REXR) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $39.8182.

REXR has been the topic of several analyst reports. Scotiabank cut their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Evercore ISI lowered Rexford Industrial Realty from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $39.00 to $38.00 in a research report on Friday, July 18th. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company cut their target price on Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock opened at $39.4190 on Wednesday. The business’s 50-day simple moving average is $36.90 and its 200 day simple moving average is $36.94. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.37. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 4.19 and a beta of 1.10. Rexford Industrial Realty has a 12-month low of $29.68 and a 12-month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, July 16th. 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 firm had revenue of $241.57 million during the quarter, compared to analysts’ expectations of $251.72 million. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. As a group, research analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 127.41%.

Insiders Place Their Bets

In related news, General Counsel David E. Lanzer sold 26,449 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $36.87, for a total transaction of $975,174.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors have recently modified their holdings of REXR. Northwestern Mutual Wealth Management Co. grew its position in shares of Rexford Industrial Realty by 403.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 553 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Rexford Industrial Realty by 332.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 566 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 405 shares during the period. Private Trust Co. NA increased its position in shares of Rexford Industrial Realty by 95.6% during the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 370 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Rexford Industrial Realty by 280.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 800 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.