Rexford Industrial Realty (NYSE:REXR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Rexford Industrial Realty (NYSE:REXR) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price target on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Rexford Industrial Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 14th. Barclays decreased their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Mizuho increased their target price on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average price target of $41.00.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $38.71 on Friday. The stock has a market cap of $8.63 billion, a PE ratio of -21.39 and a beta of 1.18. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a fifty day moving average of $37.29 and a 200-day moving average of $35.66.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is -96.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. IFM Investors Pty Ltd increased its position in shares of Rexford Industrial Realty by 1.0% during the first quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock valued at $1,256,000 after buying an additional 370 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Rexford Industrial Realty by 8.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 387 shares during the period. Koa Wealth Management LLC lifted its holdings in Rexford Industrial Realty by 0.9% in the first quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after buying an additional 408 shares during the period. EverSource Wealth Advisors LLC boosted its position in Rexford Industrial Realty by 13.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 441 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its position in Rexford Industrial Realty by 1.8% during the 1st quarter. Twin Capital Management Inc. now owns 25,371 shares of the real estate investment trust’s stock valued at $830,000 after acquiring an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.