Rexford Industrial Realty (NYSE:REXR) Trading 7.4% Higher – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REXR. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company from $38.00 to $36.00 in a research note on Thursday, June 18th. Finally, Barclays cut their target price on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and an average price target of $40.38.

Rexford Industrial Realty Stock Performance

The company has a market cap of $8.53 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50. The company has a fifty day moving average of $34.70 and a two-hundred day moving average of $36.21.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.78 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.435 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 4.6%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the sale, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of 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 worth $9,849,000 after purchasing an additional 8,506 shares during the last quarter. AQR Capital Management LLC raised its position in 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 purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 purchasing an additional 526,877 shares during the last quarter. Cetera Investment Advisers lifted its holdings in 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 worth $603,000 after buying an additional 5,854 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 worth $116,000 after buying an additional 1,848 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.