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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" REXR shares.
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4 Wall Street research analysts have issued twelve-month price objectives for Rexford Industrial Realty's stock. Their REXR share price forecasts range from $63.00 to $77.00. On average, they expect the company's stock price to reach $69.33 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $54.64 at the beginning of 2023. Since then, REXR stock has decreased by 0.6% and is now trading at $54.31.
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Rexford Industrial Realty saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,780,000 shares, an increase of 332.0% from the April 30th total of 3,190,000 shares. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is presently 8.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
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Rexford Industrial Realty, Inc. (NYSE:REXR) posted its quarterly earnings data on Wednesday, July, 20th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by $0.02. The real estate investment trust had revenue of $149.12 million for the quarter, compared to the consensus estimate of $149.21 million. Rexford Industrial Realty had a net margin of 26.80% and a trailing twelve-month return on equity of 2.76%. Rexford Industrial Realty's revenue was up 42.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS.

Rexford Industrial Realty announced a quarterly dividend on Friday, April 14th. Stockholders of record on Friday, June 30th will be given a dividend of $0.38 per share on Monday, July 17th. This represents a $1.52 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, June 29th.
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), Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), Janus Henderson U.S. Real Estate ETF (JRE), WisdomTree New Economy Real Estate Fund (WTRE), ALPS Active REIT ETF (REIT), Invesco Real Assets ESG ETF (IVRA) and IQ CBRE NextGen Real Estate ETF (ROOF).

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.85%. 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 160.00%. 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 60.32% 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 updated its FY 2023 earnings guidance on Wednesday, April, 19th. The company provided EPS guidance of $2.11-$2.15 for the period, compared to the consensus EPS estimate of $2.18. The company issued revenue guidance of -.

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.13%), Principal Financial Group Inc. (6.64%), Price T Rowe Associates Inc. MD (5.49%), State Street Corp (5.24%), Wellington Management Group LLP (2.61%) and Daiwa Securities Group Inc. (1.64%). Insiders that own company stock include David E Lanzer, David E Lanzer, Howard Schwimmer, Michael S Frankel 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 $54.31.

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $10.91 billion and generates $631.20 million in revenue each year. The real estate investment trust earns $167.58 million in net income (profit) each year or $0.95 on an earnings per share basis.

The company employs 186 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.