Rexford Industrial Realty (NYSE:REXR) Upgraded at Evercore

Evercore upgraded shares of Rexford Industrial Realty (NYSE:REXR) from an in-line rating to an outperform rating in a research note released on Monday morning, Marketbeat Ratings reports. They currently have $40.00 price objective on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on REXR. Citigroup dropped their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Cantor Fitzgerald reduced their price target on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, February 17th. Scotiabank cut their price target on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.92.

Rexford Industrial Realty Stock Up 1.1%

Shares of NYSE:REXR opened at $35.67 on Monday. 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 fifty day simple moving average of $35.59 and a 200 day simple moving average of $39.04. The firm has a market cap of $8.01 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. Rexford Industrial Realty has a 12-month low of $31.08 and a 12-month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $243.43 million during the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, equities research analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.435 dividend. The ex-dividend date was Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio is currently 204.71%.

Insider Transactions at Rexford Industrial Realty

In related news, Director David P. Stockert acquired 5,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the completion of the purchase, the director directly owned 6,829 shares of the company’s stock, valued at $255,336.31. The trade was a 273.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of the company’s stock in a transaction on Friday, February 27th. The shares were bought at an average price of $37.73 per share, with a total value of $200,346.30. Following the completion of the purchase, the chief operating officer directly owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 12,960 shares of company stock valued at $486,804. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty in the 4th quarter valued at approximately $31,000. Vision Financial Markets LLC bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth approximately $34,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $34,000. Finally, Allworth Financial LP raised its stake in shares of Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 574 shares in the last quarter. Institutional investors 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.