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Rexford Industrial Realty (REXR) Stock Price, News & Analysis

Rexford Industrial Realty logo
$42.89
-1.14 (-2.59%)
(As of 10/31/2024 ET)

About Rexford Industrial Realty Stock (NYSE:REXR)

Key Stats

Today's Range
$42.85
$43.99
50-Day Range
$43.35
$52.28
52-Week Range
$41.89
$58.02
Volume
1.84 million shs
Average Volume
1.72 million shs
Market Capitalization
$9.34 billion
P/E Ratio
34.87
Dividend Yield
3.89%
Price Target
$51.45
Consensus Rating
Hold

Company Overview

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 371 properties with approximately 45.0 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member.

Rexford Industrial Realty Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

REXR MarketRank™: 

Rexford Industrial Realty scored higher than 98% of companies evaluated by MarketBeat, and ranked 17th out of 940 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Rexford Industrial Realty has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Rexford Industrial Realty has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Rexford Industrial Realty's stock forecast and price target.
  • Earnings Growth

    Earnings for Rexford Industrial Realty are expected to grow by 8.97% in the coming year, from $2.34 to $2.55 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Rexford Industrial Realty is 35.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Rexford Industrial Realty is 35.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.32.

  • Price to Earnings Growth Ratio

    Rexford Industrial Realty has a PEG Ratio of 2.07. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Rexford Industrial Realty has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Rexford Industrial Realty's valuation and earnings.
  • Percentage of Shares Shorted

    2.36% of the outstanding shares of Rexford Industrial Realty have been sold short.
  • Short Interest Ratio / Days to Cover

    Rexford Industrial Realty has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Rexford Industrial Realty has recently decreased by 19.47%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Rexford Industrial Realty is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Rexford Industrial Realty does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Rexford Industrial Realty is 153.21%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Rexford Industrial Realty will have a dividend payout ratio of 65.49% next year. This indicates that Rexford Industrial Realty will be able to sustain or increase its dividend.

  • Read more about Rexford Industrial Realty's dividend.
  • Percentage of Shares Shorted

    2.36% of the outstanding shares of Rexford Industrial Realty have been sold short.
  • Short Interest Ratio / Days to Cover

    Rexford Industrial Realty has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Rexford Industrial Realty has recently decreased by 19.47%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Rexford Industrial Realty has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Rexford Industrial Realty this week, compared to 7 articles on an average week.
  • Search Interest

    17 people have searched for REXR on MarketBeat in the last 30 days. This is an increase of 183% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added Rexford Industrial Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Rexford Industrial Realty insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $711,378.00 in company stock.

  • Percentage Held by Insiders

    Only 1.20% of the stock of Rexford Industrial Realty is held by insiders.

  • Percentage Held by Institutions

    99.52% of the stock of Rexford Industrial Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Rexford Industrial Realty's insider trading history.
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REXR Stock News Headlines

Rexford Industrial price target lowered to $53 from $61 at Wells Fargo
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See More Headlines

REXR Stock Analysis - Frequently Asked Questions

Rexford Industrial Realty's stock was trading at $56.10 at the beginning of the year. Since then, REXR stock has decreased by 22.6% and is now trading at $43.41.
View the best growth stocks for 2024 here
.

Rexford Industrial Realty, Inc. (NYSE:REXR) announced its quarterly earnings results on Wednesday, October, 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.58 by $0.28. Rexford Industrial Realty's revenue was up 17.7% on a year-over-year basis.

Rexford Industrial Realty's top institutional investors include Allspring Global Investments Holdings LLC (0.56%), M&G PLC (0.43%), Asset Management One Co. Ltd. (0.22%) and Presima Securities ULC (0.19%). Insiders that own company stock include Howard Schwimmer, Laura E Clark, David E Lanzer and Michael S Frankel.
View institutional ownership trends
.

Shares of REXR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Rexford Industrial Realty investors own include Medtronic (MDT), NVIDIA (NVDA), Verizon Communications (VZ), Meta Platforms (META), PepsiCo (PEP), Walt Disney (DIS) and Walmart (WMT).

Company Calendar

Ex-Dividend for 10/15 Dividend
9/30/2024
Dividend Payable
10/15/2024
Last Earnings
10/16/2024
Today
10/31/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Trading
Previous Symbol
NASDAQ:REXR
Employees
220
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$51.45
High Stock Price Target
$61.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+20.0%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$238.02 million
Pretax Margin
31.90%

Debt

Sales & Book Value

Annual Sales
$903.94 million
Cash Flow
$2.14 per share
Book Value
$37.84 per share

Miscellaneous

Free Float
219,723,000
Market Cap
$9.34 billion
Optionable
Optionable
Beta
0.93

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This page (NYSE:REXR) was last updated on 10/31/2024 by MarketBeat.com Staff
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