Rexford Industrial Realty - REXR Stock Forecast, Price & News

4 Wall Street research 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 research 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 stock. Their REXR share price forecasts range from $63.00 to $84.00. On average, they anticipate the company's stock price to reach $70.00 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $81.11 at the beginning of 2022. Since then, REXR shares have decreased by 31.8% and is now trading at $55.29.
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Rexford Industrial Realty saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 10,660,000 shares, an increase of 112.4% from the October 31st total of 5,020,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is presently 7.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Rexford Industrial Realty, Inc. (NYSE:REXR) announced its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 27.60% and a trailing twelve-month return on equity of 2.91%. Rexford Industrial Realty's revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS.

Rexford Industrial Realty declared 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend 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 2.33%. 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 58.33% 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 FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $1.93-$1.95 for the period. 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.19%), BlackRock Inc. (12.35%), State Street Corp (4.94%), Price T Rowe Associates Inc. MD (3.45%), Nuveen Asset Management LLC (2.47%) and Centersquare Investment Management LLC (1.73%). 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 $55.29.

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $10.15 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.