Rexford Industrial Realty (NYSE:REXR) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Rexford Industrial Realty (NYSE:REXR) from a sell rating to a strong sell rating in a research note released on Saturday.

REXR has been the topic of several other reports. Mizuho dropped their price objective 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. Citigroup reissued a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Truist Financial decreased their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Evercore reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.62.

Rexford Industrial Realty Stock Down 0.1%

Shares of REXR stock opened at $37.72 on Friday. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The firm has a market capitalization of $8.41 billion, a PE ratio of -20.84, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s 50-day simple moving average is $35.24 and its 200-day simple moving average is $36.04.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The firm had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. During the same quarter in the prior year, the company earned $0.59 EPS. Rexford Industrial Realty’s quarterly revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities analysts expect that Rexford Industrial Realty will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.6%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently -96.13%.

Hedge Funds Weigh In On Rexford Industrial Realty

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Rexford Industrial Realty by 3.5% in the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after buying an additional 8,506 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after acquiring an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after acquiring an additional 526,877 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Rexford Industrial Realty by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock valued at $603,000 after acquiring an additional 5,854 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Rexford Industrial Realty by 131.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,848 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.