Rexford Industrial Realty (NYSE:REXR) Announces Earnings Results, Beats Expectations By $0.05 EPS

Rexford Industrial Realty (NYSE:REXR) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05, Zacks reports. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The company had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty updated its FY 2025 guidance to 2.370-2.410 EPS.

Rexford Industrial Realty Trading Down 0.4 %

Shares of REXR stock opened at $32.58 on Friday. The business’s fifty day moving average price is $38.37 and its 200 day moving average price is $40.69. The firm has a market capitalization of $7.69 billion, a PE ratio of 26.92, a P/E/G ratio of 2.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. Rexford Industrial Realty has a 1-year low of $29.68 and a 1-year high of $52.61.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.28%. Rexford Industrial Realty’s dividend payout ratio is currently 138.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Scotiabank dropped their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price on the stock. Mizuho reduced their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, Robert W. Baird dropped their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.17.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.