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

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $42.50.

Several research analysts recently commented on REXR shares. Wolfe Research cut Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 20th. Mizuho increased their price objective on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. BNP Paribas lowered shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Wells Fargo & Company raised their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Cantor Fitzgerald began coverage on Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $27,000 after purchasing an additional 553 shares during the last quarter. Private Trust Co. NA boosted its position in Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 370 shares in the last quarter. Quent Capital LLC bought a new stake in Rexford Industrial Realty during the third quarter worth about $41,000. Caitong International Asset Management Co. Ltd grew its stake in 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 buying an additional 800 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Rexford Industrial Realty by 174.1% during the third quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 780 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Up 0.0%

REXR stock opened at $41.30 on Monday. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $44.38. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.62 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.13. The business’s 50-day simple moving average is $41.96 and its 200 day simple moving average is $38.08.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm had revenue of $246.76 million during the quarter, compared to analysts’ expectations of $253.46 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, research analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is 121.13%.

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.