Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $40.62 Consensus Price Target from Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $40.6154.

Several brokerages recently issued reports on REXR. Raymond James Financial initiated coverage on Rexford Industrial Realty in a research note on Wednesday, June 17th. They set an “underperform” rating on the stock. Mizuho lowered their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $38.00 to $36.00 in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Sunday.

Insider Activity at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of the firm’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 value of $1,181,115.53. Following the sale, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Rexford Industrial Realty by 143.7% during the second quarter. Versant Capital Management Inc now owns 1,986 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,171 shares during the last quarter. CX Institutional boosted its holdings in Rexford Industrial Realty by 172.4% during the second quarter. CX Institutional now owns 1,768 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,119 shares in the last quarter. Parallel Advisors LLC grew its position in Rexford Industrial Realty by 8.0% in the first quarter. Parallel Advisors LLC now owns 6,883 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 509 shares during the last quarter. NewEdge Advisors LLC grew its position in Rexford Industrial Realty by 182.2% in the first quarter. NewEdge Advisors LLC now owns 23,989 shares of the real estate investment trust’s stock worth $785,000 after buying an additional 15,489 shares during the last quarter. Finally, Amundi increased its holdings in shares of Rexford Industrial Realty by 18.3% in the first quarter. Amundi now owns 160,791 shares of the real estate investment trust’s stock valued at $5,263,000 after buying an additional 24,873 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 2.3%

Shares of Rexford Industrial Realty stock opened at $35.55 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a market cap of $8.03 billion, a P/E ratio of 38.23, a P/E/G ratio of 1.45 and a beta of 1.21. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The business has a 50-day moving average price of $34.73 and a 200 day moving average price of $36.24.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.78 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.Rexford Industrial Realty’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

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.