Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) Target Price at $40.93

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $41.00.

REXR has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Wall Street Zen downgraded Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. raised their price objective on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, August 3rd. Finally, Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $33,000. Allworth Financial LP purchased a new stake in shares of Rexford Industrial Realty in the 2nd quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Rexford Industrial Realty during the 4th quarter valued at approximately $34,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the 3rd quarter valued at approximately $34,000. Finally, Caitlin John LLC purchased a new position in Rexford Industrial Realty during the second quarter valued at $36,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 0.6%

Shares of NYSE REXR opened at $36.79 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The firm’s fifty day moving average is $36.44 and its 200 day moving average is $35.63. The company has a market cap of $8.20 billion, a price-to-earnings ratio of -20.33 and a beta of 1.18.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). The business had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities research analysts expect that Rexford Industrial Realty will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is -96.13%.

About Rexford Industrial Realty

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.