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NYSE:REXR

Rexford Industrial Realty - REXR Stock Forecast, Price & News

$68.46
+0.62 (+0.91%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$67.67
$68.67
50-Day Range
$57.06
$68.46
52-Week Range
$55.84
$84.68
Volume
654,415 shs
Average Volume
1.35 million shs
Market Capitalization
$11.71 billion
P/E Ratio
72.06
Dividend Yield
1.86%
Price Target
$77.80

Rexford Industrial Realty MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
13.6% Upside
$77.80 Price Target
Short Interest
Bearish
6.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.34
Upright™ Environmental Score
News Sentiment
0.96mentions of Rexford Industrial Realty in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$3.01 M Sold Last Quarter
Proj. Earnings Growth
16.06%
From $1.93 to $2.24 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Finance Sector

304th out of 926 stocks

Real Estate Investment Trusts Industry

56th out of 195 stocks

REXR stock logo

About Rexford Industrial Realty (NYSE:REXR) Stock

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $67.84 on Monday. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 71.41, a P/E/G ratio of 3.10 and a beta of 0.76. The firm has a fifty day moving average price of $61.31 and a 200 day moving average price of $68.08. Rexford Industrial Realty has a fifty-two week low of $55.84 and a fifty-two week high of $84.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.55 and a current ratio of 0.55.

Rexford Industrial Realty (NYSE:REXR - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $149.12 million during the quarter, compared to analysts' expectations of $149.21 million. Rexford Industrial Realty had a return on equity of 3.17% and a net margin of 29.79%. The firm's revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts expect that Rexford Industrial Realty will post 1.93 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 30th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 29th. Rexford Industrial Realty's payout ratio is 132.63%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on REXR shares. StockNews.com lowered shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Thursday, July 21st. Wells Fargo & Company raised their price objective on shares of Rexford Industrial Realty from $74.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday. Wolfe Research began coverage on shares of Rexford Industrial Realty in a report on Tuesday, June 21st. They issued a "market perform" rating and a $63.00 target price for the company. Jefferies Financial Group decreased their price target on Rexford Industrial Realty from $89.00 to $73.00 in a report on Thursday, June 30th. Finally, Robert W. Baird upped their price objective on Rexford Industrial Realty from $87.00 to $89.00 in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and an average target price of $77.80.

Insider Transactions at Rexford Industrial Realty

In related news, CEO Howard Schwimmer sold 15,350 shares of the business's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $65.27, for a total value of $1,001,894.50. Following the sale, the chief executive officer now owns 52,720 shares in the company, valued at $3,441,034.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 48,252 shares of company stock valued at $3,009,629 in the last ninety days. Corporate insiders own 1.50% of the company's stock.

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REXR Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/20/2022
Today
8/15/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:REXR
Employees
186
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$77.80
High Stock Price Forecast
$89.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+13.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$128.24 million
Pretax Margin
31.48%

Debt

Sales & Book Value

Annual Sales
$452.24 million
Cash Flow
$1.79 per share
Book Value
$32.42 per share

Miscellaneous

Free Float
168,501,000
Market Cap
$11.71 billion
Optionable
Optionable
Beta
0.76














REXR Stock - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last twelve months. 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.
View REXR analyst ratings
or view top-rated stocks.

What is Rexford Industrial Realty's stock price forecast for 2022?

4 equities research analysts have issued 12 month target prices for Rexford Industrial Realty's stock. Their REXR share price forecasts range from $63.00 to $89.00. On average, they predict the company's share price to reach $77.80 in the next twelve months. This suggests a possible upside of 13.6% 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 2022?

Rexford Industrial Realty's stock was trading at $81.11 at the beginning of the year. Since then, REXR shares have decreased by 15.6% and is now trading at $68.46.
View the best growth stocks for 2022 here
.

Are investors shorting Rexford Industrial Realty?

Rexford Industrial Realty saw a increase in short interest in July. As of July 15th, there was short interest totaling 9,390,000 shares, an increase of 36.3% from the June 30th total of 6,890,000 shares. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is currently 5.7 days. Currently, 9.8% of the shares of the stock are sold short.
View Rexford Industrial Realty's Short Interest
.

When is Rexford Industrial Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our REXR earnings forecast
.

How were Rexford Industrial Realty's earnings last quarter?

Rexford Industrial Realty, Inc. (NYSE:REXR) released its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.02. The real estate investment trust had revenue of $149.12 million for the quarter, compared to the consensus estimate of $149.21 million. Rexford Industrial Realty had a trailing twelve-month return on equity of 3.17% and a net margin of 29.79%. Rexford Industrial Realty's revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share.

How often does Rexford Industrial Realty pay dividends? What is the dividend yield for Rexford Industrial Realty?

Rexford Industrial Realty declared a quarterly dividend on Thursday, July 21st. Investors of record on Friday, September 30th will be given a dividend of $0.315 per share on Saturday, October 15th. This represents a $1.26 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for REXR
.

Is Rexford Industrial Realty a good dividend stock?

Rexford Industrial Realty (NYSE:REXR) pays an annual dividend of $1.26 per share and currently has a dividend yield of 1.86%. 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 132.63%. 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 56.25% 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 FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $1.87-$1.90 for the period. The company issued revenue guidance of -.

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 Principal Financial Group Inc. (6.55%), JPMorgan Chase & Co. (2.08%), Baillie Gifford & Co. (1.01%), Northern Trust Corp (0.93%), Millennium Management LLC (0.91%) and Sumitomo Mitsui Trust Holdings Inc. (0.82%). 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.
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 $68.46.

How much money does Rexford Industrial Realty make?

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $11.71 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 $0.95 on an earnings per share basis.

How many employees does Rexford Industrial Realty have?

The company employs 186 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 8/15/2022 by MarketBeat.com Staff

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