Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) Target Price at $40.93

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $41.00.

A number of research analysts have weighed in on the company. Wall Street Zen lowered Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Finally, Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $36.62 on Monday. The company has a 50-day simple moving average of $36.32 and a 200-day simple moving average of $35.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $8.17 billion, a PE ratio of -20.23 and a beta of 1.18. Rexford Industrial Realty has a 12 month low of $32.14 and a 12 month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). The firm had revenue of $243.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. 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 2.39 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.435 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.8%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently -96.13%.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of institutional investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Rexford Industrial Realty during the second quarter worth approximately $645,000. California State Teachers Retirement System boosted its holdings in shares of Rexford Industrial Realty by 3,152.0% in the 2nd quarter. California State Teachers Retirement System now owns 8,890,398 shares of the real estate investment trust’s stock valued at $297,828,000 after purchasing an additional 8,617,017 shares during the last quarter. NEOS Investment Management LLC grew its stake in shares of Rexford Industrial Realty by 13.2% during the 2nd quarter. NEOS Investment Management LLC now owns 48,127 shares of the real estate investment trust’s stock valued at $1,612,000 after buying an additional 5,596 shares during the period. Nykredit A S purchased a new stake in shares of Rexford Industrial Realty during the 2nd quarter valued at $236,000. Finally, BTG Pactual Asset Management US LLC acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth $413,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.