Rexford Industrial Realty (NYSE:REXR) Given New $39.00 Price Target at JPMorgan Chase & Co.

Rexford Industrial Realty (NYSE:REXR) had its target price decreased by JPMorgan Chase & Co. from $42.00 to $39.00 in a report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the stock. UBS Group set a $44.00 price objective on shares of Rexford Industrial Realty in a research report on Monday, November 10th. Scotiabank boosted their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Mizuho boosted their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company upped their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.31.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $37.27 on Wednesday. The company’s fifty day moving average is $39.65 and its two-hundred day moving average is $40.55. The company has a market cap of $8.64 billion, a P/E ratio of 43.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Rexford Industrial Realty has a 12-month low of $29.68 and a 12-month high of $44.38. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. Rexford Industrial Realty’s revenue for the quarter was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.435 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Rexford Industrial Realty’s payout ratio is presently 202.35%.

Insider Activity at Rexford Industrial Realty

In related 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 value of $845,431.98. Following the transaction, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. This trade represents a 3.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 57,118 shares of company stock worth $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. V Square Quantitative Management LLC acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter worth $31,000. Vision Financial Markets LLC bought a new position in Rexford Industrial Realty in the 3rd quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Rexford Industrial Realty during the 4th quarter worth $34,000. Wiser Advisor Group LLC bought a new stake in Rexford Industrial Realty during the third quarter valued at about $34,000. Finally, Allworth Financial LP boosted its holdings in Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 574 shares during the period. 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.