Rexford Industrial Realty, Inc. (REXR) to Issue Quarterly Dividend of $0.43 on January 15th

Rexford Industrial Realty, Inc. (NYSE:REXR) announced a quarterly dividend on Monday, October 13th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.43 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, December 31st.

Rexford Industrial Realty has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. Rexford Industrial Realty has a dividend payout ratio of 155.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Rexford Industrial Realty to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 64.2%.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $39.44 on Monday. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38. The company has a fifty day simple moving average of $41.26 and a two-hundred day simple moving average of $39.88.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company had revenue of $253.24 million during the quarter, compared to the consensus estimate of $253.46 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, equities analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REXR shares. Wolfe Research lowered Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 20th. Mizuho upped their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. BNP Paribas cut shares of Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Industrial Alliance Securities set a $42.00 target price on shares of Rexford Industrial Realty in a report on Wednesday, November 19th. Finally, Scotiabank increased their price target on Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $43.00.

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.