Rexford Industrial Realty, Inc. (NYSE:REXR) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Rexford Industrial Realty an average “Hold” rating: Of 15 firms, six recommend holding, five recommend buying and four recommend selling. The average 12-month price target is $40.93.
• Quarterly earnings missed expectations: REXR reported adjusted earnings of negative $2.26 per share versus the $0.60 consensus estimate, while revenue of $243 million slightly exceeded forecasts and declined 1.6% year over year.
• The company declared a quarterly dividend of $0.435 per share, equivalent to $1.74 annually and a 4.7% yield. Institutional investors own 99.52% of the stock, with several major funds recently increasing their positions.

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) have received an average rating of "Hold" from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.9286.

REXR has been the topic of several recent research reports. Citigroup restated a "neutral" rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Jefferies Financial Group cut Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 price objective on the stock. in a research note on Thursday, August 6th. Mizuho upped their price objective on Rexford Industrial Realty from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th.

Rexford Industrial Realty Stock Down 0.0%

Shares of REXR opened at $37.12 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of -20.51 and a beta of 1.19. Rexford Industrial Realty has a 1 year low of $32.14 and a 1 year high of $44.38. The business's 50 day simple moving average is $36.12 and its 200-day simple moving average is $35.63.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results 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 business had revenue of $243.00 million during the quarter, compared to analysts' expectations of $240.24 million. During the same period last year, the business posted $0.59 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, equities analysts expect that Rexford Industrial Realty will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business 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 $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently -96.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Rexford Industrial Realty in the second quarter valued at $1,293,168,000. Price T Rowe Associates Inc. MD grew its holdings in Rexford Industrial Realty by 2.4% during the 4th 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 purchasing an additional 667,594 shares during the last quarter. State Street Corp raised its position in Rexford Industrial Realty by 4.9% in the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust's stock worth $428,509,000 after purchasing an additional 556,810 shares during the period. Principal Financial Group Inc. raised its position in Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust's stock worth $446,006,000 after purchasing an additional 1,881,905 shares during the period. Finally, Soroban Capital Partners LP lifted its stake in Rexford Industrial Realty by 57.2% in 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 purchasing an additional 3,344,677 shares during the last quarter. 99.52% of the stock is 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.

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