Rexford Industrial Realty, Inc. (NYSE:REXR) Stock Has Average Target Price of $41.00

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.00.

Several analysts have recently commented on REXR shares. Weiss Ratings upgraded Rexford Industrial Realty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 14th. Jefferies Financial Group downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Thursday, August 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Scotiabank increased their price target on Rexford Industrial Realty from $38.00 to $40.00 and gave the company a “sector outperform” rating in a research note on Monday, August 31st. Finally, Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th.

Hedge Funds Weigh In On Rexford Industrial Realty

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

Rexford Industrial Realty Stock Up 0.0%

NYSE:REXR opened at $37.49 on Friday. The company’s 50-day simple moving average is $37.41 and its 200-day simple moving average is $35.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The stock has a market capitalization of $8.36 billion, a P/E ratio of -20.71 and a beta of 1.18.

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

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.4350 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. Rexford Industrial Realty’s dividend payout ratio is -96.13%.

Rexford Industrial Realty Company Profile

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.