Rexford Industrial Realty, Inc. (NYSE:REXR) Given Average Recommendation of “Hold” by Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $40.6154.

REXR has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Truist Financial reduced their price target on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Monday, April 13th. Finally, Wall Street Zen cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th.

Rexford Industrial Realty Stock Up 0.2%

Shares of NYSE:REXR traded up $0.06 during midday trading on Friday, hitting $34.09. The stock had a trading volume of 1,819,166 shares, compared to its average volume of 2,599,026. The company has a market cap of $7.69 billion, a P/E ratio of 36.65, a PEG ratio of 1.42 and a beta of 1.21. Rexford Industrial Realty has a 12 month low of $32.14 and a 12 month high of $44.38. The business’s 50-day simple moving average is $34.75 and its 200-day simple moving average is $36.33. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38.

Rexford Industrial Realty (NYSE:REXR) last posted 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. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.78 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, sell-side analysts forecast that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared 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. This represents a $1.74 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio is 187.10%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Rexford Industrial Realty

A number of hedge funds have recently modified their holdings of REXR. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Rexford Industrial Realty by 24.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock worth $12,529,000 after purchasing an additional 63,313 shares during the period. Hsbc Holdings PLC lifted its position in Rexford Industrial Realty by 17.7% during the fourth quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust’s stock worth $15,017,000 after purchasing an additional 58,270 shares during the period. Oak Thistle LLC acquired a new stake in Rexford Industrial Realty during the fourth quarter worth about $2,347,000. William Blair Investment Management LLC grew its stake in Rexford Industrial Realty by 7.8% during the fourth quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock worth $36,207,000 after buying an additional 67,276 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after buying an additional 1,881,905 shares during the period. 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.