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 1-year price targets 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 21.5% 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 shares have increased by 4.4% and is now trading at $57.05.
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Rexford Industrial Realty saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 3,240,000 shares, a decline of 20.0% from the February 28th total of 4,050,000 shares. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 2.5 days.
View Rexford Industrial Realty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
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Rexford Industrial Realty will be holding an earnings conference call on Thursday, April 20th 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 "13734481".

Rexford Industrial Realty, Inc. (NYSE:REXR) issued its quarterly earnings data 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 26.55% and a trailing twelve-month return on equity of 2.78%. The firm's revenue for the quarter was up 42.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS.

Rexford Industrial Realty announced a quarterly dividend on Wednesday, February 8th. Stockholders of record on Friday, March 31st will be given a dividend of $0.38 per share on Monday, April 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.32.
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), Janus Henderson U.S. Real Estate ETF (JRE), SP Funds S&P Global REIT Sharia ETF (SPRE), WisdomTree New Economy Real Estate Fund (WTRE), ALPS Active REIT ETF (REIT), IQ CBRE NextGen Real Estate ETF (ROOF) and Invesco Real Assets ESG ETF (IVRA).

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.26 per share and currently has a dividend yield of 2.25%. 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 136.96%. 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 51.01% 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 2023 earnings guidance on Wednesday, February, 8th. The company provided EPS guidance of $2.08-$2.12 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 number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (7.16%), Price T Rowe Associates Inc. MD (5.69%), Norges Bank (2.83%), Resolution Capital Ltd (2.18%), JPMorgan Chase & Co. (1.92%) and Geode Capital Management LLC (1.54%). 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 $57.05.

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $11.22 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 $0.92 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.