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S&P 500   4,283.74
DOW   33,999.04
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Why Micron Stock Could Be About To Breakout 
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
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Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
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Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
NYSE:REXR

Rexford Industrial Realty - REXR Stock Forecast, Price & News

$67.63
-0.36 (-0.53%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$67.52
$68.41
50-Day Range
$57.06
$68.46
52-Week Range
$55.84
$84.68
Volume
481,808 shs
Average Volume
1.06 million shs
Market Capitalization
$11.57 billion
P/E Ratio
71.19
Dividend Yield
1.85%
Price Target
$77.80

Rexford Industrial Realty MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
15.0% 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
0.60mentions of Rexford Industrial Realty in the last 14 days
Based on 3 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.

2.62 out of 5 stars

Finance Sector

312th out of 914 stocks

Real Estate Investment Trusts Industry

62nd 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.

Analysts Set New Price Targets

A number of research firms have weighed in on REXR. Robert W. Baird boosted their target price on shares of Rexford Industrial Realty from $87.00 to $89.00 in a research note on Friday, July 22nd. Wells Fargo & Company boosted their target price on shares of Rexford Industrial Realty from $74.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, August 11th. Jefferies Financial Group reduced their price objective on shares of Rexford Industrial Realty from $89.00 to $73.00 in a research note on Thursday, June 30th. Wolfe Research began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, June 21st. They issued a "market perform" rating and a $63.00 price objective on the stock. Finally, StockNews.com cut shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty has an average rating of "Hold" and an average price target of $77.80.

Rexford Industrial Realty Trading Down 0.5 %

REXR traded down $0.36 during trading on Thursday, reaching $67.63. 481,808 shares of the stock traded hands, compared to its average volume of 1,337,389. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $11.57 billion, a PE ratio of 71.19, a P/E/G ratio of 3.11 and a beta of 0.76. The stock's 50-day moving average is $61.58 and its 200 day moving average is $68.02. Rexford Industrial Realty has a 12 month low of $55.84 and a 12 month high of $84.68.

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

Rexford Industrial Realty Dividend Announcement

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

Insider Buying and Selling at Rexford Industrial Realty

In other news, CEO Howard Schwimmer sold 16,402 shares of the company's stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $62.15, for a total transaction of $1,019,384.30. Following the transaction, the chief executive officer now owns 68,070 shares in the company, valued at $4,230,550.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 48,252 shares of company stock valued at $3,009,629. 1.50% of the stock is currently owned by insiders.

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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
8/19/2022
Ex-Dividend for 10/15 Dividend
9/29/2022
Dividend Payable
10/15/2022
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
+15.0%
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
$1.76 per share
Book Value
$33.30 per share

Miscellaneous

Free Float
168,501,000
Market Cap
$11.57 billion
Optionable
Optionable
Beta
0.76

Key Executives

  • Mr. Howard SchwimmerMr. Howard Schwimmer (Age 61)
    Co-CEO & Director
    Comp: $1.7M
  • Mr. Michael S. FrankelMr. Michael S. Frankel (Age 59)
    Co-CEO & Director
    Comp: $1.7M
  • Ms. Laura Elizabeth Clark (Age 42)
    Chief Financial Officer
    Comp: $1.39M
  • Mr. David E. LanzerMr. David E. Lanzer (Age 49)
    Gen. Counsel & Sec.
    Comp: $1.19M
  • Mr. Kosta Karmaniolas
    Sr. VP of Corp. Fin. & Investor Relations
  • Mr. Patrick Schlehuber
    Exec. VP of Investments
  • Mr. Bruce Herbkersman
    Sr. VP, Devel. & Construction
  • Mr. Carlos Serra
    Exec. VP of Devel. & Construction
  • Mr. Víctor J. Ramírez
    Controller
  • Ms. Cher Riban CPA
    Assistant Controller













REXR Stock - Frequently Asked Questions

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

4 Wall Street 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 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 brokers have issued 1-year price targets for Rexford Industrial Realty's stock. Their REXR share price forecasts range from $63.00 to $89.00. On average, they expect the company's stock price to reach $77.80 in the next year. This suggests a possible upside of 15.0% 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 start of the year. Since then, REXR stock has decreased by 16.6% and is now trading at $67.63.
View the best growth stocks for 2022 here
.

Are investors shorting Rexford Industrial Realty?

Rexford Industrial Realty saw a increase in short interest in the month of 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 trading volume of 1,660,000 shares, the short-interest ratio is presently 5.7 days. Approximately 9.8% of the shares of the company 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) 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 real estate investment trust had revenue of $149.12 million for the quarter, compared to analysts' expectations of $149.21 million. Rexford Industrial Realty had a net margin of 29.79% and a trailing twelve-month return on equity of 3.17%. Rexford Industrial Realty's revenue was up 42.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS.

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. Stockholders of record on Friday, September 30th will be paid a dividend of $0.315 per share on Saturday, October 15th. This represents a $1.26 annualized dividend and a yield of 1.86%. 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 1.85%. 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 updated its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (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%), State Street Corp (5.16%), Price T Rowe Associates Inc. MD (3.86%), JPMorgan Chase & Co. (2.08%), Baillie Gifford & Co. (1.01%) and Northern Trust Corp (0.93%). 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 $67.63.

How much money does Rexford Industrial Realty make?

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $11.57 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 8/19/2022 by MarketBeat.com Staff

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