Rexford Industrial Realty Stock Forecast, Price & News

Rexford Industrial Realty's stock was trading at $42.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, REXR shares have increased by 10.6% and is now trading at $47.35.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Rexford Industrial Realty is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
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Rexford Industrial Realty, Inc. (NYSE:REXR) released its quarterly earnings data on Tuesday, October, 20th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.11. The real estate investment trust earned $83.86 million during the quarter, compared to the consensus estimate of $81.94 million. Rexford Industrial Realty had a net margin of 21.93% and a return on equity of 2.64%. The company's revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share.
View Rexford Industrial Realty's earnings history.

Rexford Industrial Realty declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.215 per share on Friday, January 15th. This represents a $0.86 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, December 30th.
View Rexford Industrial Realty's dividend history.

Rexford Industrial Realty issued an update on its FY20 earnings guidance on Tuesday, October, 20th. The company provided EPS guidance of $1.29-1.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.28.

5 brokers have issued 1-year price targets for Rexford Industrial Realty's shares. Their forecasts range from $40.00 to $56.00. On average, they expect Rexford Industrial Realty's share price to reach $47.00 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts' price targets for Rexford Industrial Realty.

Rexford Industrial Realty saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,080,000 shares, a decline of 32.9% from the September 30th total of 4,590,000 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is currently 2.4 days.
View Rexford Industrial Realty's Short Interest.

Some companies that are related to Rexford Industrial Realty include Welltower (WELL), Weyerhaeuser (WY), Realty Income (O), Simon Property Group (SPG), Alexandria Real Estate Equities (ARE), AvalonBay Communities (AVB), Equity Residential (EQR), Extra Space Storage (EXR), Ventas (VTR), Healthpeak Properties (PEAK), Duke Realty (DRE), Sun Communities (SUI), HCP (HCP), Mid-America Apartment Communities (MAA) and Essex Property Trust (ESS).
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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), The 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 PGGM Investments (6.70%), Timbercreek Investment Management Inc. (0.50%), State of New Jersey Common Pension Fund D (0.31%), Retirement Systems of Alabama (0.13%), Artemis Investment Management LLP (0.13%) and Manning & Napier Group LLC (0.12%). Company insiders that own Rexford Industrial Realty stock include Adeel Khan, David E Lanzer, Howard Schwimmer, Michael S Frankel, Richard S Ziman and Steven C Good.
View institutional ownership trends for Rexford Industrial Realty.

REXR stock was sold by a variety of institutional investors in the last quarter, including KBC Group NV, Artemis Investment Management LLP, State of New Jersey Common Pension Fund D, and Community Capital Management Inc.. Company insiders that have sold Rexford Industrial Realty company stock in the last year include Adeel Khan, David E Lanzer, Howard Schwimmer, Michael S Frankel, Richard S Ziman, and Steven C Good.
View insider buying and selling activity for Rexford Industrial Realty.

REXR stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Retirement Systems of Alabama, Timbercreek Investment Management Inc., Pacer Advisors Inc., Dupont Capital Management Corp, State of Michigan Retirement System, Louisiana State Employees Retirement System, and New Mexico Educational Retirement Board.
View insider buying and selling activity for Rexford Industrial Realty.

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

One share of REXR stock can currently be purchased for approximately $47.35.

Rexford Industrial Realty has a market capitalization of $5.86 billion and generates $267.21 million in revenue each year. The real estate investment trust earns $61.98 million in net income (profit) each year or $1.23 on an earnings per share basis. Rexford Industrial Realty employs 123 workers across the globe.

The official website for Rexford Industrial Realty is www.rexfordindustrial.com.

Rexford Industrial Realty's mailing address is 11620 WILSHIRE BOULEVARD SUITE 1000, LOS ANGELES CA, 90025. The real estate investment trust can be reached via phone at 310-966-1680 or via email at [email protected]