Rexford Industrial Realty (NYSE:REXR) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Rexford Industrial Realty (NYSE:REXR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11, FiscalAI reports. The firm had revenue of $242.14 million for the quarter, compared to analysts’ expectations of $243.79 million. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. Rexford Industrial Realty updated its FY 2026 guidance to 2.370-2.42 EPS.

Rexford Industrial Realty Stock Performance

Shares of REXR stock traded up $0.04 during trading hours on Thursday, reaching $36.30. The stock had a trading volume of 2,804,452 shares, compared to its average volume of 2,636,853. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51. Rexford Industrial Realty has a twelve month low of $32.14 and a twelve month high of $44.38. The firm has a 50-day simple moving average of $35.41 and a 200-day simple moving average of $38.87. The firm has a market capitalization of $8.15 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.435 dividend. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.8%. Rexford Industrial Realty’s dividend payout ratio is 204.71%.

Insider Activity

In other news, CFO Michael Fitzmaurice acquired 2,650 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $37.55 per share, with a total value of $99,507.50. Following the acquisition, the chief financial officer directly owned 14,133 shares in the company, valued at approximately $530,694.15. The trade was a 23.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average cost of $37.73 per share, for a total transaction of $200,346.30. Following the acquisition, the chief operating officer owned 5,310 shares in the company, valued at approximately $200,346.30. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 12,960 shares of company stock worth $486,804 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Rexford Industrial Realty

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC increased its holdings in shares of Rexford Industrial Realty by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after acquiring an additional 362 shares during the period. Parallel Advisors LLC increased its holdings in shares of Rexford Industrial Realty by 8.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,735 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 460 shares during the period. MML Investors Services LLC increased its stake in Rexford Industrial Realty by 11.4% during the 4th quarter. MML Investors Services LLC now owns 5,478 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 562 shares during the period. UMB Bank n.a. increased its stake in Rexford Industrial Realty by 25.5% during the 4th quarter. UMB Bank n.a. now owns 2,956 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 601 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Rexford Industrial Realty by 8.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,472 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 808 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on REXR shares. Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, February 17th. Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Monday, April 13th. iA Financial set a $45.00 price target on shares of Rexford Industrial Realty in a report on Friday, February 6th. Finally, Truist Financial cut their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $41.92.

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.