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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
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7 analysts have issued 1 year target prices for Rexford Industrial Realty's shares. Their REXR share price forecasts range from $52.00 to $71.00. On average, they expect the company's stock price to reach $61.63 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $54.64 at the beginning of the year. Since then, REXR shares have decreased by 8.9% and is now trading at $49.80.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our REXR earnings forecast.

Rexford Industrial Realty will be holding an earnings conference call on Thursday, October 19th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734483".

Rexford Industrial Realty, Inc. (NYSE:REXR) announced its quarterly earnings data on Wednesday, July, 19th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.54 by $0.28. The real estate investment trust had revenue of $195.80 million for the quarter, compared to analysts' expectations of $196.92 million. Rexford Industrial Realty had a trailing twelve-month return on equity of 2.82% and a net margin of 27.23%. The firm's revenue was up 31.3% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share.

Rexford Industrial Realty announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, September 29th will be given a dividend of $0.38 per share on Monday, October 16th. This represents a $1.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for REXR.

ETFs with the largest weight of Rexford Industrial Realty (NYSE:REXR) stock in their portfolio include Principal Real Estate Active Opportunities ETF (BYRE), Janus Henderson U.S. Real Estate ETF (JRE), Private Real Estate Strategy via Liquid REITs ETF (PRVT), Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), JPMorgan Realty Income ETF (JPRE), WisdomTree New Economy Real Estate Fund (WTRE) and ALPS Active REIT ETF (REIT).

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 153.54%. 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 60.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REXR.

Rexford Industrial Realty issued an update on its FY23 earnings guidance on Wednesday, July, 19th. The company provided earnings per share guidance of $2.13-$2.16 for the period, compared to the consensus estimate of $2.19.

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.

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).

Rexford Industrial Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "REXR."

Rexford Industrial Realty's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.32%), Principal Financial Group Inc. (6.56%), State Street Corp (5.27%), Nuveen Asset Management LLC (2.25%), Nuveen Asset Management LLC (2.25%) and Centersquare Investment Management LLC (1.80%). Insiders that own company stock include David E Lanzer, David E Lanzer, Howard Schwimmer, Laura E Clark and Michael S Frankel.
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Shares of REXR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of REXR stock can currently be purchased for approximately $49.80.

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $10.28 billion and generates $723.34 million in revenue each year. The real estate investment trust earns $167.58 million in net income (profit) each year or $0.99 on an earnings per share basis.

The company employs 223 workers across the globe.

Rexford Industrial Realty's mailing address is 11620 WILSHIRE BOULEVARD SUITE 1000, LOS ANGELES CA, 90025. The official website for the company is www.rexfordindustrial.com. The real estate investment trust can be reached via phone at (310) 966-1680, via email at investorrelations@rexfordindustrial.com, or via fax at 310-966-1690.