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

Key Points

• Rexford Industrial Realty has an average broker rating of "Hold", with one sell recommendation, seven hold recommendations, and two buy recommendations from ten research firms.
• The company reported earnings of $0.59 per share, beating the consensus estimate of $0.58, and anticipates posting an EPS of 2.38 for the current year.
• Rexford recently declared a quarterly dividend of $0.43, with an expected annual yield of 4.0%, despite a high dividend payout ratio of 127.41%.

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) has earned a consensus recommendation of "Hold" from the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $40.5455.

Several equities research analysts have commented on REXR shares. Scotiabank boosted their price target on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 4th. Wells Fargo & Company dropped their target price on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Mizuho increased their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. Evercore ISI boosted their price target on Rexford Industrial Realty from $38.00 to $39.00 and gave the stock an "in-line" rating in a research report on Monday, September 8th. Finally, Industrial Alliance Securities set a $39.00 price objective on Rexford Industrial Realty in a research note on Monday, September 8th.

Rexford Industrial Realty Trading Down 0.2%

REXR opened at $43.45 on Friday. The firm's fifty day moving average is $38.66 and its two-hundred day moving average is $37.06. The firm has a market cap of $10.28 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 4.83 and a beta of 1.13. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $52.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 5.59.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The firm had revenue of $241.57 million for the quarter, compared to the consensus estimate of $251.72 million. During the same period last year, the company posted $0.60 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. Equities research analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.43 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 127.41%.

Insider Activity at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 26,449 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $36.87, for a total transaction of $975,174.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of large investors have recently added to or reduced their stakes in REXR. Summit Investment Advisors Inc. lifted its holdings in Rexford Industrial Realty by 0.7% during the 1st quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust's stock valued at $1,753,000 after purchasing an additional 308 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Rexford Industrial Realty by 0.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 117,425 shares of the real estate investment trust's stock worth $4,177,000 after buying an additional 311 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Rexford Industrial Realty by 1.2% during the 1st quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust's stock worth $1,052,000 after buying an additional 317 shares during the period. Caitlin John LLC boosted its holdings in shares of Rexford Industrial Realty by 6.4% during the 2nd quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust's stock worth $214,000 after buying an additional 361 shares during the period. Finally, Lazard Asset Management LLC grew its stake in 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 valued at $1,261,000 after buying an additional 362 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.