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

Key Points

• Rexford Industrial Realty, Inc. (NYSE:REXR) has received a consensus recommendation of "Hold" from ten brokerages, with one sell, seven hold, and two buy ratings.
• The average 12-month price target for Rexford shares is $39.82, according to analysts, with recent targets ranging from $37.00 to $43.00.
• The company recently declared a quarterly dividend of $0.43 per share, resulting in an annualized total of $1.72 and a dividend yield of 4.4%.

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) have received a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.2727.

Several brokerages recently issued reports on REXR. Evercore ISI lowered shares of Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and cut their price objective for the company from $39.00 to $38.00 in a report on Friday, July 18th. JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, May 6th. Truist Financial boosted their target price on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th.

Rexford Industrial Realty Price Performance

REXR stock traded down $0.2880 during mid-day trading on Wednesday, hitting $39.0520. 1,603,067 shares of the stock were exchanged, compared to its average volume of 2,144,223. Rexford Industrial Realty has a 12 month low of $29.68 and a 12 month high of $52.61. The business has a fifty day moving average price of $36.99 and a 200 day moving average price of $36.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 4.37 and a beta of 1.10.

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

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 4.4%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 127.41%.

Insider Activity at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of the company'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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Several hedge funds have recently added to or reduced their stakes in REXR. Northwestern Mutual Wealth Management Co. raised its stake in Rexford Industrial Realty by 403.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 553 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Rexford Industrial Realty by 332.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 566 shares during the period. Bessemer Group Inc. lifted its position in Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Rexford Industrial Realty by 95.6% during the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 370 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Rexford Industrial Realty by 280.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

About Rexford Industrial Realty

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.