Rexford Industrial Realty (NYSE:REXR) Shares Up 7.4% – Here’s Why

Rexford Industrial Realty, Inc. (NYSE:REXR)’s share price rose 7.4% during mid-day trading on Thursday . The company traded as high as $37.77 and last traded at $37.6760. 1,325,853 shares were traded during trading, a decline of 47% from the average session volume of 2,511,174 shares. The stock had previously closed at $35.09.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial began coverage on shares of Rexford Industrial Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating for the company. Weiss Ratings upgraded shares of Rexford Industrial Realty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $38.00 to $36.00 in a report on Wednesday, June 17th. Wall Street Zen upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Barclays reduced their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.38.

Rexford Industrial Realty Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. The business has a 50-day moving average of $34.75 and a 200-day moving average of $36.20. The company has a market capitalization of $8.45 billion, a P/E ratio of 40.26, a P/E/G ratio of 1.57 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last posted its 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 business 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 company posted $0.62 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 187.10%.

Insider Activity at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 33,299 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was 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. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at about $31,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Rexford Industrial Realty during the 1st quarter worth about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Rexford Industrial Realty in the 4th quarter valued at about $34,000. Wiser Advisor Group LLC purchased a new position in Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Finally, Allworth Financial LP boosted its holdings in Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

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.