NYSE:REXR

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

$43.65
+0.64 (+1.49%)
(As of 10:05 AM ET)
Today's Range
$42.93
$43.68
50-Day Range
$42.24
$53.19
52-Week Range
$41.56
$58.02
Volume
115,169 shs
Average Volume
1.97 million shs
Market Capitalization
$9.51 billion
P/E Ratio
40.05
Dividend Yield
3.83%
Price Target
$54.64

Rexford Industrial Realty MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
27.0% Upside
$54.64 Price Target
Short Interest
Bearish
6.90% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.10
Upright™ Environmental Score
News Sentiment
0.09mentions of Rexford Industrial Realty in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$954,374 Sold Last Quarter
Proj. Earnings Growth
14.59%
From $2.33 to $2.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Finance Sector

40th out of 851 stocks

Real Estate Investment Trusts Industry

6th out of 178 stocks

REXR stock logo

About Rexford Industrial Realty Stock (NYSE:REXR)

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.

REXR Stock Price History

REXR Stock News Headlines

3 Industrial REITs At Bargain Prices
The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
REIT Earnings Preview: Delay And Pray
Q1 2024 Rexford Industrial Realty Inc Earnings Call
Healthcare Takes A Big Step Forward With The Help Of AI
The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.
What 5 Analyst Ratings Have To Say About Rexford Industrial Realty
3 Strong Buys For The Millionaire Next Door
See More Headlines
Receive REXR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Rexford Industrial Realty and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Last Earnings
4/18/2024
Today
4/22/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Previous Symbol
NASDAQ:REXR
Employees
242
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$54.64
High Stock Price Target
$70.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+27.0%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$238.02 million
Pretax Margin
30.31%

Debt

Sales & Book Value

Annual Sales
$797.83 million
Cash Flow
$2.18 per share
Book Value
$37.84 per share

Miscellaneous

Free Float
215,425,000
Market Cap
$9.37 billion
Optionable
Optionable
Beta
0.86
Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

REXR Stock Analysis - Frequently Asked Questions

Should I buy or sell Rexford Industrial Realty stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" REXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REXR, but not buy additional shares or sell existing shares.
View REXR analyst ratings
or view top-rated stocks.

What is Rexford Industrial Realty's stock price target for 2024?

11 brokers have issued 12 month target prices for Rexford Industrial Realty's stock. Their REXR share price targets range from $45.00 to $70.00. On average, they anticipate the company's stock price to reach $54.64 in the next year. This suggests a possible upside of 27.0% from the stock's current price.
View analysts price targets for REXR
or view top-rated stocks among Wall Street analysts.

How have REXR shares performed in 2024?

Rexford Industrial Realty's stock was trading at $56.10 at the beginning of the year. Since then, REXR stock has decreased by 23.3% and is now trading at $43.01.
View the best growth stocks for 2024 here
.

Are investors shorting Rexford Industrial Realty?

Rexford Industrial Realty saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 15,020,000 shares, an increase of 291.1% from the March 15th total of 3,840,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the days-to-cover ratio is presently 8.5 days.
View Rexford Industrial Realty's Short Interest
.

When is Rexford Industrial Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our REXR earnings forecast
.

How were Rexford Industrial Realty's earnings last quarter?

Rexford Industrial Realty, Inc. (NYSE:REXR) posted its quarterly earnings data on Thursday, April, 18th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.30. The real estate investment trust had revenue of $214.10 million for the quarter, compared to analysts' expectations of $207.39 million. Rexford Industrial Realty had a trailing twelve-month return on equity of 3.04% and a net margin of 28.84%. The company's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS.

How often does Rexford Industrial Realty pay dividends? What is the dividend yield for Rexford Industrial Realty?

Rexford Industrial Realty announced a quarterly dividend on Wednesday, April 17th. Investors of record on Friday, June 28th will be paid a dividend of $0.417 per share on Monday, July 15th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for REXR
.

Is Rexford Industrial Realty a good dividend stock?

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.67 per share and currently has a dividend yield of 3.91%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 153.21%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, REXR will have a dividend payout ratio of 62.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REXR.

What guidance has Rexford Industrial Realty issued on next quarter's earnings?

Rexford Industrial Realty issued an update on its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided EPS guidance of 2.310-2.340 for the period, compared to the consensus EPS estimate of 2.360. The company issued revenue guidance of -.

What is Howard Schwimmer & Michael S. Frankel's approval rating as Rexford Industrial Realty's CEO?

20 employees have rated Rexford Industrial Realty Chief Executive Officer Howard Schwimmer & Michael S. Frankel on Glassdoor.com. Howard Schwimmer & Michael S. Frankel has an approval rating of 66% among the company's employees.

What other stocks do shareholders of Rexford Industrial Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rexford Industrial Realty investors own include Phillips 66 (PSX), Verizon Communications (VZ), PepsiCo (PEP), Walt Disney (DIS), Starbucks (SBUX), Bristol-Myers Squibb (BMY), Biogen (BIIB), Gilead Sciences (GILD), NVIDIA (NVDA) and Bioverativ (BIVV).

Who are Rexford Industrial Realty's major shareholders?

Rexford Industrial Realty's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Hazelview Securities Inc. (0.18%), Reinhart Partners LLC. (0.08%), State of Alaska Department of Revenue (0.06%) and Raymond James & Associates (0.05%). Insiders that own company stock include David E Lanzer, David E Lanzer, Howard Schwimmer, Laura E Clark and Michael S Frankel.
View institutional ownership trends
.

How do I buy shares of Rexford Industrial Realty?

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.

This page (NYSE:REXR) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners