Rexford Industrial Realty (NYSE:REXR) Rating Increased to Outperform at Evercore

Evercore upgraded shares of Rexford Industrial Realty (NYSE:REXR) from an in-line rating to an outperform rating in a report released on Monday morning, Marketbeat Ratings reports. Evercore currently has $40.00 price objective on the real estate investment trust’s stock.

REXR has been the topic of a number of other reports. Cantor Fitzgerald dropped their target price on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Citigroup dropped their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Robert W. Baird set a $40.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Finally, Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.92.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $34.66 on Monday. Rexford Industrial Realty has a twelve month low of $31.08 and a twelve month high of $44.38. The firm’s fifty day simple moving average is $35.81 and its 200-day simple moving average is $39.11. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.46 and a beta of 1.26. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data 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 net margin of 21.03% and a return on equity of 2.37%. The business had revenue of $243.43 million for the quarter, compared to analyst estimates of $249.05 million. During the same period last year, the business earned $0.58 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts forecast that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 5.0%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 204.71%.

Insider Activity at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares in the company, valued at $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Fitzmaurice acquired 2,650 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average price of $37.55 per share, with a total value of $99,507.50. Following the purchase, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at approximately $530,694.15. This trade represents a 23.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 12,960 shares of company stock worth $486,804 over the last three months. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Rexford Industrial Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 7.4% in the third quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 241 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in shares of Rexford Industrial Realty by 1.9% in the third quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 278 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Rexford Industrial Realty by 6.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 293 shares during the period. Covestor Ltd lifted its stake in shares of Rexford Industrial Realty by 6.2% in the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 359 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Rexford Industrial Realty by 1.0% in the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 362 shares during the period. 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.