Rexford Industrial Realty (NYSE:REXR) Releases FY 2025 Earnings Guidance

Rexford Industrial Realty (NYSE:REXR - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.370-2.410 for the period, compared to the consensus earnings per share estimate of 2.399. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore ISI dropped their price objective on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Truist Financial decreased their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays decreased their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $40.00.

Rexford Industrial Realty Trading Down 2.4%

REXR stock traded down $0.87 during mid-day trading on Thursday, reaching $35.45. 7,587,248 shares of the stock traded hands, compared to its average volume of 2,222,530. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 4.90. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $52.61. The stock has a market capitalization of $8.39 billion, a PE ratio of 26.26, a PEG ratio of 3.33 and a beta of 1.13. The business has a 50-day moving average price of $36.05 and a two-hundred day moving average price of $37.29.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The business had revenue of $241.57 million for the quarter, compared to analysts' expectations of $251.72 million. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.66%. The business's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities research analysts expect 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 given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Tuesday, September 30th. Rexford Industrial Realty's payout ratio is 138.71%.

Hedge Funds Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Rexford Industrial Realty by 309.8% in the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust's stock valued at $4,628,000 after acquiring an additional 89,390 shares during the period. Royal Bank of Canada raised its holdings in Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust's stock valued at $9,849,000 after buying an additional 8,506 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock worth $70,931,000 after purchasing an additional 526,877 shares during the period. 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.