Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $40.62 Consensus Target Price from Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Three 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 analysts that have covered the stock in the last year is $40.3846.

A number of equities research analysts have issued reports on REXR shares. Mizuho cut their price target on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Raymond James Financial began coverage on shares of Rexford Industrial Realty in a report on Wednesday, June 17th. They issued an “underperform” rating on the stock. Barclays cut their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, June 1st.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $37.50 on Friday. The firm has a fifty day simple moving average of $34.73 and a two-hundred day simple moving average of $36.19. The firm has a market cap of $8.47 billion, a PE ratio of 40.33, a P/E/G ratio of 1.46 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty has a 1-year low of $32.14 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly 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. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The firm had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.78 million. During the same period last year, the business posted $0.62 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, equities analysts anticipate that Rexford Industrial Realty will post 2.4 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Insider Activity

In other news, General Counsel David E. Lanzer sold 33,299 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors and hedge funds have recently bought and sold shares of REXR. Lazard Asset Management LLC increased its position in Rexford Industrial Realty by 1.0% in the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 362 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Rexford Industrial Realty by 1.0% during the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock valued at $1,256,000 after buying an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 387 shares in the last quarter. Koa Wealth Management LLC grew its stake in shares of Rexford Industrial Realty by 0.9% during the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock valued at $1,514,000 after acquiring an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Rexford Industrial Realty by 13.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 441 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.