Rexford Industrial Realty (REXR) Projected to Post Earnings on Wednesday

Rexford Industrial Realty (NYSE:REXR - Get Free Report) is projected to release its Q2 2025 earnings data after the market closes on Wednesday, July 16th. Analysts expect Rexford Industrial Realty to post earnings of $0.58 per share and revenue of $251.72 million for the quarter. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a net margin of 28.96% and a return on equity of 3.31%. On average, analysts expect Rexford Industrial Realty to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Rexford Industrial Realty Stock Up 0.4%

Shares of Rexford Industrial Realty stock traded up $0.13 during midday trading on Friday, reaching $37.06. 1,786,127 shares of the company's stock traded hands, compared to its average volume of 2,182,431. 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 52 week low of $29.68 and a 52 week high of $52.61. The company's 50 day simple moving average is $35.81 and its 200 day simple moving average is $37.37. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 3.37 and a beta of 1.13.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 4.64%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 138.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective 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. Evercore ISI lowered their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Robert W. Baird set a $43.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Finally, Scotiabank dropped their target price on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.00.

Hedge Funds Weigh In On Rexford Industrial Realty

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of 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 valued at $70,931,000 after purchasing an additional 526,877 shares during the period. Royal Bank of Canada boosted its stake in Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust's stock worth $9,849,000 after buying an additional 8,506 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings 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 buying an additional 89,390 shares during the period. 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.