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NYSE:REXR

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

$49.62
+0.18 (+0.36%)
(As of 09/28/2023 ET)
Compare
Today's Range
$49.00
$50.09
50-Day Range
$49.43
$56.77
52-Week Range
$48.74
$66.71
Volume
1.11 million shs
Average Volume
1.49 million shs
Market Capitalization
$10.24 billion
P/E Ratio
50.12
Dividend Yield
3.06%
Price Target
$61.63

Rexford Industrial Realty MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
24.2% Upside
$61.63 Price Target
Short Interest
Healthy
4.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.10
Upright™ Environmental Score
News Sentiment
0.96mentions of Rexford Industrial Realty in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$403,697 Sold Last Quarter
Proj. Earnings Growth
14.16%
From $2.19 to $2.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Finance Sector

153rd out of 874 stocks

Real Estate Investment Trusts Industry

25th out of 182 stocks


REXR stock logo

About Rexford Industrial Realty (NYSE:REXR) Stock

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 367 properties with approximately 44.5 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 Price History

REXR Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Positive Report for Rexford Industrial Realty (REXR) from Wolfe Research
Rexford: Premium Value At A Discount
Rexford Industrial Announces $210 Million Investment
Q2 2023 Rexford Industrial Realty Inc Earnings Call
Rexford Industrial Realty (REXR) Gets a Hold from Citi
See More Headlines
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REXR Company Calendar

Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Last Earnings
7/19/2023
Today
9/28/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Next Earnings (Confirmed)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:REXR
Employees
223
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$61.63
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+23.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$167.58 million
Pretax Margin
28.73%

Debt

Sales & Book Value

Annual Sales
$723.34 million
Cash Flow
$1.84 per share
Book Value
$36.88 per share

Miscellaneous

Free Float
204,171,000
Market Cap
$10.28 billion
Optionable
Optionable
Beta
0.83
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Key Executives

  • Mr. Howard SchwimmerMr. Howard Schwimmer (Age 62)
    Co-CEO & Director
    Comp: $1.98M
  • Mr. Michael S. FrankelMr. Michael S. Frankel (Age 60)
    Co-CEO & Director
    Comp: $1.98M
  • Ms. Laura Elizabeth Clark (Age 43)
    Chief Financial Officer
    Comp: $1.74M
  • Mr. David E. LanzerMr. David E. Lanzer (Age 50)
    Gen. Counsel & Sec.
    Comp: $1.44M
  • Mr. Bruce Herbkersman
    Sr. VP, Devel. & Construction
  • Mr. Carlos Serra
    Exec. VP of Devel. & Construction
  • Mr. Víctor J. Ramírez
    Controller
  • Ms. Cher Riban CPA
    Assistant Controller













REXR Stock - Frequently Asked Questions

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

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.
View REXR analyst ratings
or view top-rated stocks.

What is Rexford Industrial Realty's stock price forecast for 2023?

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.
View analysts price targets for REXR
or view top-rated stocks among Wall Street analysts.

How have REXR shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Rexford Industrial Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our REXR earnings forecast
.

How can I listen to Rexford Industrial Realty's earnings call?

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".

How were Rexford Industrial Realty's earnings last quarter?

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.

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, 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
.

Is Rexford Industrial Realty a good dividend stock?

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.

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

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.

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).

What is Rexford Industrial Realty's stock symbol?

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

Who are Rexford Industrial Realty's major shareholders?

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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rexford Industrial Realty's stock price today?

One share of REXR stock can currently be purchased for approximately $49.80.

How much money does Rexford Industrial Realty make?

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.

How many employees does Rexford Industrial Realty have?

The company employs 223 workers across the globe.

How can I contact Rexford Industrial Realty?

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.

This page (NYSE:REXR) was last updated on 9/28/2023 by MarketBeat.com Staff

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