Rexford Industrial Realty (NYSE:REXR) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Rexford Industrial Realty (NYSE:REXR) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other brokerages have also issued reports on REXR. Wall Street Zen lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Evercore cut their price target on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Wells Fargo & Company raised their price objective on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Robert W. Baird set a $41.00 target price on shares of Rexford Industrial Realty in a research note on Thursday, January 8th. Finally, UBS Group set a $44.00 price target on shares of Rexford Industrial Realty in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $42.83.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $38.97 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.95. The company’s fifty day moving average price is $40.17 and its two-hundred day moving average price is $40.51. The firm has a market capitalization of $9.07 billion, a P/E ratio of 45.85, a P/E/G ratio of 2.49 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.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.435 dividend. The ex-dividend date is Tuesday, March 31st. 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 yield of 4.5%. Rexford Industrial Realty’s payout ratio is presently 202.35%.

Insider Activity at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of the 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 sale, the chief executive officer directly owned 602,288 shares in the company, valued at approximately $25,061,203.68. This represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 57,118 shares of company stock worth $2,345,706 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 5.7% during the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock valued at $1,154,629,000 after purchasing an additional 1,749,685 shares during the last quarter. State Street Corp lifted its stake in Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after buying an additional 556,810 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 19.5% in the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares during the period. Soroban Capital Partners LP increased its position in shares of Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after acquiring an additional 3,344,677 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Rexford Industrial Realty by 3.9% during the second quarter. Geode Capital Management LLC now owns 4,525,150 shares of the real estate investment trust’s stock valued at $160,984,000 after acquiring an additional 167,800 shares during the period. 99.52% of the stock is currently owned by institutional investors.

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.