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 year. 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 equities research analysts have issued twelve-month target prices for Rexford Industrial Realty's shares. Their REXR share price forecasts range from $63.00 to $77.00. On average, they predict the company's stock price to reach $69.33 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $54.64 on January 1st, 2023. Since then, REXR shares have increased by 17.6% and is now trading at $64.26.
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Rexford Industrial Realty saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 7,940,000 shares, a drop of 18.5% from the December 31st total of 9,740,000 shares. Based on an average daily trading volume, of 1,470,000 shares, the days-to-cover ratio is presently 5.4 days.
View Rexford Industrial Realty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Rexford Industrial Realty will be holding an earnings conference call on Thursday, February 9th 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 "13734260".

Rexford Industrial Realty, Inc. (NYSE:REXR) issued its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. The real estate investment trust earned $149.12 million during the quarter, compared to the consensus estimate of $149.21 million. Rexford Industrial Realty had a trailing twelve-month return on equity of 2.91% and a net margin of 27.60%. The firm's revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS.

Rexford Industrial Realty announced a quarterly dividend on Wednesday, October 19th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.315 per share on Tuesday, January 17th. This represents a $1.26 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for REXR.

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.26 per share and currently has a dividend yield of 1.96%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 135.48%. 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 58.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REXR.

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 many different institutional and retail investors. Top institutional shareholders include Daiwa Securities Group Inc. (1.39%), Allspring Global Investments Holdings LLC (0.99%), Lasalle Investment Management Securities LLC (0.90%), Sumitomo Mitsui Trust Holdings Inc. (0.82%), Ceredex Value Advisors LLC (0.82%) and Aew Capital Management L P (0.49%). Insiders that own company stock include Adeel Khan, David E Lanzer, David E Lanzer, Howard Schwimmer, Michael S Frankel, Michael S Frankel, Richard S Ziman and Steven C Good.
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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 $64.26.

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $11.79 billion and generates $452.24 million in revenue each year. The real estate investment trust earns $128.24 million in net income (profit) each year or $0.93 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.