Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) PT at $41.69

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.6923.

REXR has been the subject of several recent research reports. iA Financial set a $45.00 price objective on Rexford Industrial Realty in a research report on Friday, February 6th. Robert W. Baird set a $40.00 price objective on Rexford Industrial Realty in a research report on Tuesday, February 17th. Wall Street Zen upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. lowered their price objective on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares in the company, valued at approximately $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 12,960 shares of company stock valued at $486,804. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

Several hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Rexford Industrial Realty by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after buying an additional 667,594 shares during the period. State Street Corp increased its stake in shares of Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after buying an additional 556,810 shares during the period. Principal Financial Group Inc. increased its stake in shares of Rexford Industrial Realty by 19.5% during 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 buying an additional 1,881,905 shares during the period. Soroban Capital Partners LP increased its stake in shares of Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after buying an additional 3,344,677 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Rexford Industrial Realty by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock valued at $159,836,000 after buying an additional 161,589 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $36.55 on Friday. The business has a 50 day moving average of $34.98 and a 200 day moving average of $37.90. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 1.51 and a beta of 1.23. Rexford Industrial Realty has a 1-year low of $32.14 and a 1-year high of $44.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.79 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 in the previous year, the company posted $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, sell-side analysts predict that Rexford Industrial Realty will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.435 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 4.8%. Rexford Industrial Realty’s payout ratio is presently 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.