Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $42.83 Average Target Price from Analysts

Rexford Industrial Realty, Inc. (NYSE:REXR) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.5385.

REXR has been the topic of several recent analyst reports. Mizuho boosted their price target on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Wells Fargo & Company boosted their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Scotiabank upped their target price on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Cantor Fitzgerald cut their price target on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $37.23 on Wednesday. The firm has a market cap of $8.63 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. The firm’s 50-day simple moving average is $39.82 and its 200-day simple moving average is $40.55. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The firm had revenue of $248.10 million during the quarter, compared to analyst estimates of $249.05 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, research analysts expect that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.435 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, March 31st. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. Rexford Industrial Realty’s dividend payout ratio is currently 202.35%.

Insider Transactions at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the sale, the chief executive officer owned 602,288 shares in the company, valued at approximately $25,061,203.68. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 57,118 shares of company stock valued at $2,345,706. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Soroban Capital Partners LP increased its position in Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after acquiring an additional 3,344,677 shares in the last quarter. Norges Bank bought a new stake in shares of Rexford Industrial Realty during the second quarter valued at approximately $104,116,000. Royal London Asset Management Ltd. acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at approximately $91,671,000. Nomura Holdings Inc. raised its position in Rexford Industrial Realty by 19,554.8% in the 2nd quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock worth $82,622,000 after purchasing an additional 2,310,988 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Rexford Industrial Realty by 19.5% during the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares in the last quarter. Institutional investors and hedge funds 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.