JPMorgan Chase & Co. Cuts Rexford Industrial Realty (NYSE:REXR) Price Target to $39.00

Rexford Industrial Realty (NYSE:REXR) had its target price decreased by JPMorgan Chase & Co. from $42.00 to $39.00 in a research note published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on REXR. Truist Financial reduced their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Citigroup reduced their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Evercore lowered their price target on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Finally, BNP Paribas Exane lowered Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.31.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $37.65 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $8.73 billion, a P/E ratio of 44.29, a P/E/G ratio of 2.40 and a beta of 1.23. Rexford Industrial Realty has a 12 month low of $29.68 and a 12 month high of $44.38. The business’s 50-day moving average is $39.49 and its 200 day moving average is $40.53.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, equities research analysts forecast that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio is presently 202.35%.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 18,750 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $40.06, for a total value of $751,125.00. Following the completion of the sale, the chief executive officer owned 583,538 shares of the company’s stock, valued at $23,376,532.28. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 57,118 shares of company stock valued at $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently modified their holdings of REXR. Royal Bank of Canada boosted its holdings in Rexford Industrial Realty by 3.5% during the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after acquiring an additional 8,506 shares during the period. AQR Capital Management LLC boosted its stake in shares of Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after purchasing an additional 89,390 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after purchasing an additional 526,877 shares during the period. CWM LLC grew its holdings in shares of Rexford Industrial Realty by 637.5% in the second quarter. CWM LLC now owns 31,129 shares of the real estate investment trust’s stock worth $1,107,000 after purchasing an additional 26,908 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Rexford Industrial Realty by 3.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 423 shares during the period. 99.52% of the stock is currently owned by hedge funds and other 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.