Brokerages Set Rexford Industrial Realty, Inc. (NYSE:REXR) Target Price at $41.92

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $41.9231.

A number of equities research analysts have weighed in on the company. Evercore lowered their price objective on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Zacks Research downgraded Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th.

Insider Activity at Rexford Industrial Realty

In related news, CFO Michael Fitzmaurice purchased 2,650 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average price of $37.55 per share, for a total transaction of $99,507.50. Following the acquisition, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at $530,694.15. This trade represents a 23.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Laura E. Clark acquired 5,310 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average price of $37.73 per share, with a total value of $200,346.30. Following the purchase, the chief operating officer directly owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 12,960 shares of company stock valued at $486,804. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Soroban Capital Partners LP grew its holdings in shares of 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 worth $326,925,000 after acquiring an additional 3,344,677 shares during the period. Norges Bank acquired a new position in Rexford Industrial Realty during the second quarter worth $104,116,000. Royal London Asset Management Ltd. purchased a new stake in Rexford Industrial Realty during the second quarter worth $91,671,000. Nomura Holdings Inc. boosted its position in Rexford Industrial Realty by 19,554.8% during the second 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 in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Rexford Industrial Realty by 19.5% in the fourth 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 purchasing an additional 1,881,905 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 0.0%

Rexford Industrial Realty stock opened at $33.12 on Thursday. The stock has a 50 day moving average of $36.53 and a two-hundred day moving average of $39.48. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $44.38. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.39 and a beta of 1.26. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 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 company had revenue of $243.43 million during the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter last year, the business earned $0.58 EPS. The business’s revenue was up 2.1% on a year-over-year basis. 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 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is presently 204.71%.

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.