Wedbush Issues Pessimistic Estimate for REXR Earnings

Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) - Research analysts at Wedbush reduced their FY2026 earnings per share estimates for shares of Rexford Industrial Realty in a report released on Thursday, April 24th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $2.56 per share for the year, down from their previous forecast of $2.57. The consensus estimate for Rexford Industrial Realty's current full-year earnings is $2.38 per share.

Other research analysts have also issued research reports about the company. Robert W. Baird cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a report on Tuesday, March 25th. Scotiabank dropped their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price for the company. Finally, Mizuho reduced their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $44.00.

Rexford Industrial Realty Stock Down 1.6 %

NYSE:REXR traded down $0.53 on Friday, hitting $32.85. The stock had a trading volume of 636,171 shares, compared to its average volume of 1,903,323. The business's fifty day moving average is $37.13 and its 200 day moving average is $39.80. The company has a market cap of $7.78 billion, a PE ratio of 27.15, a P/E/G ratio of 2.62 and a beta of 0.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of institutional investors and hedge funds have recently bought and sold shares of REXR. Vanguard Group Inc. grew its position in Rexford Industrial Realty by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock valued at $1,157,170,000 after acquiring an additional 562,710 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after purchasing an additional 954,202 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Rexford Industrial Realty by 32.3% during the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock worth $173,667,000 after purchasing an additional 1,097,349 shares during the period. Geode Capital Management LLC raised its stake in Rexford Industrial Realty by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock worth $160,282,000 after buying an additional 70,710 shares in the last quarter. Finally, Rush Island Management LP bought a new position in Rexford Industrial Realty in the fourth quarter worth about $132,701,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.