Rexford Industrial Realty (NYSE:REXR) Price Target Raised to $38.00

Rexford Industrial Realty (NYSE:REXR) had its target price increased by Scotiabank from $36.00 to $38.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on REXR. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Raymond James Financial assumed coverage on shares of Rexford Industrial Realty in a research report on Wednesday, June 17th. They set an “underperform” rating for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Barclays reduced their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Finally, Mizuho decreased their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.71.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $36.21 on Wednesday. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The firm has a market capitalization of $8.07 billion, a P/E ratio of -20.00, a PEG ratio of 1.51 and a beta of 1.19. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $35.51 and a 200-day moving average price of $35.84.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million for the quarter, compared to analysts’ expectations of $240.24 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts anticipate that Rexford Industrial Realty will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. 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 presently -96.13%.

Institutional Investors Weigh In On Rexford Industrial Realty

Several large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $1,293,168,000. Price T Rowe Associates Inc. MD lifted its position in Rexford Industrial Realty by 2.4% in 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 last quarter. State Street Corp lifted its position in Rexford Industrial Realty by 4.9% in 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 last quarter. Principal Financial Group Inc. boosted its stake in 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 worth $446,006,000 after buying an additional 1,881,905 shares during the period. Finally, Soroban Capital Partners LP boosted its stake in 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 worth $326,925,000 after buying an additional 3,344,677 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.