Brokerages Set Rexford Industrial Realty, Inc. (NYSE:REXR) PT at $43.00

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $43.00.

REXR has been the topic of a number of recent research reports. BNP Paribas downgraded Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Truist Financial lifted their price target on Rexford Industrial Realty from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Evercore ISI dropped their price objective on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Barclays raised their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, September 15th. Finally, Scotiabank increased their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $38.99 on Tuesday. The company has a market capitalization of $9.08 billion, a PE ratio of 27.46, a PEG ratio of 2.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. The company’s 50 day moving average price is $41.15 and its 200 day moving average price is $39.89. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $253.46 million. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue for the quarter 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. Research analysts expect that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. Rexford Industrial Realty’s payout ratio is currently 121.13%.

Insider Activity

In other news, CEO Michael S. Frankel sold 18,750 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares of the company’s stock, valued at approximately $23,376,532.28. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 57,118 shares of company stock worth $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of large investors have recently added to or reduced their stakes in REXR. Northwestern Mutual Wealth Management Co. raised its position in shares of Rexford Industrial Realty by 403.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 553 shares during the period. Vision Financial Markets LLC acquired a new position in Rexford Industrial Realty in the 3rd quarter valued at $33,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty in the 3rd quarter worth $34,000. Allworth Financial LP lifted its position in Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 574 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Rexford Industrial Realty during the third quarter valued at about $41,000. Institutional investors own 99.52% of the company’s stock.

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.