Rexford Industrial Realty (NYSE:REXR) Given New $40.00 Price Target at Truist Financial

Rexford Industrial Realty (NYSE:REXR) had its price target cut by Truist Financial from $44.00 to $40.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Zacks Research downgraded Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Wells Fargo & Company upped 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. iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a research note on Friday, February 6th. Mizuho lifted their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.31.

Rexford Industrial Realty Stock Performance

REXR stock opened at $37.27 on Wednesday. The company has a 50-day simple moving average of $39.65 and a 200 day simple moving average of $40.55. The company has a market capitalization of $8.64 billion, a P/E ratio of 43.85, a PEG ratio of 2.41 and a beta of 1.23. 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 has a fifty-two week low of $29.68 and a fifty-two week high of $44.38.

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

Rexford Industrial Realty Increases Dividend

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

Insider Buying and Selling

In other news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares in the company, valued at $23,376,532.28. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 57,118 shares of company stock worth $2,345,706. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $31,000. Vision Financial Markets LLC acquired a new stake in Rexford Industrial Realty during the third quarter valued at $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Rexford Industrial Realty during the fourth quarter valued at $34,000. Wiser Advisor Group LLC purchased a new position in Rexford Industrial Realty in the third quarter valued at about $34,000. Finally, Allworth Financial LP increased its position in Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 574 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

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.