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

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $43.00.

REXR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Scotiabank boosted their target price on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Wells Fargo & Company raised their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Cantor Fitzgerald started coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price target on the stock. Finally, Industrial Alliance Securities set a $42.00 price objective on shares of Rexford Industrial Realty in a report on Wednesday, November 19th.

Rexford Industrial Realty Price Performance

REXR opened at $40.35 on Tuesday. Rexford Industrial Realty has a 52-week low of $29.68 and a 52-week high of $44.38. The company has a 50 day moving average of $41.48 and a two-hundred day moving average of $39.79. The company has a market cap of $9.39 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.55 and a beta of 1.22. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business had revenue of $253.24 million for the quarter, compared to the consensus estimate of $253.46 million. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.3%. Rexford Industrial Realty’s payout ratio is 121.13%.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 20,318 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the sale, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 57,118 shares of company stock valued at $2,345,706 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Rexford Industrial Realty by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 423 shares in the last quarter. Amundi lifted its position in Rexford Industrial Realty by 5.8% in the first quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock worth $4,544,000 after purchasing an additional 6,970 shares during the period. Pallas Capital Advisors LLC bought a new position in Rexford Industrial Realty during the 2nd quarter valued at $267,000. Truvestments Capital LLC bought a new position in Rexford Industrial Realty during the 1st quarter valued at $3,030,000. Finally, Canoe Financial LP acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at $1,227,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.