Brokerages Set Rexford Industrial Realty, Inc. (NYSE:REXR) Target Price at $41.69

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.6923.

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a research note on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th.

Rexford Industrial Realty Stock Performance

REXR opened at $36.04 on Friday. The company has a market cap of $8.14 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The stock has a 50-day moving average of $35.03 and a 200-day moving average of $37.82. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. The company had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, equities research analysts forecast that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.435 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a yield of 4.8%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 187.10%.

Insiders Place Their Bets

In related news, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the transaction, the general counsel directly owned 33,299 shares in the company, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the transaction, the chief executive officer owned 560,406 shares in the company, valued at $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Rexford Industrial Realty by 7.4% during the third quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 241 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Rexford Industrial Realty by 6.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 293 shares in the last quarter. Covestor Ltd grew its stake in Rexford Industrial Realty by 6.2% during the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 359 shares in the last quarter. Lazard Asset Management LLC grew its stake in Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 362 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its stake in Rexford Industrial Realty by 1.0% during the first quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 370 shares in the last quarter. 99.52% of the stock is owned by 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.