Rexford Industrial Realty Stock Forecast, Price & News

Rexford Industrial Realty's stock was trading at $42.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, REXR shares have increased by 8.5% and is now trading at $46.46.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rexford Industrial Realty in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Rexford Industrial Realty is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
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Rexford Industrial Realty, Inc. (NYSE:REXR) released its quarterly earnings data on Tuesday, October, 20th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $0.11. The real estate investment trust had revenue of $83.86 million for the quarter, compared to analyst estimates of $81.94 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 21.93%. Rexford Industrial Realty's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS.
View Rexford Industrial Realty's earnings history.

Rexford Industrial Realty declared a quarterly dividend on Tuesday, October 20th. Investors of record on Thursday, December 31st will be paid a dividend of $0.215 per share on Friday, January 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, December 30th.
View Rexford Industrial Realty's dividend history.

Rexford Industrial Realty updated its FY20 earnings guidance on Tuesday, October, 20th. The company provided earnings per share guidance of $1.29-1.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.28.

5 equities research analysts have issued 1 year price objectives for Rexford Industrial Realty's stock. Their forecasts range from $40.00 to $56.00. On average, they expect Rexford Industrial Realty's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts' price targets for Rexford Industrial Realty.

Rexford Industrial Realty saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,080,000 shares, a decrease of 32.9% from the September 30th total of 4,590,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the days-to-cover ratio is currently 2.4 days.
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Some companies that are related to Rexford Industrial Realty include Welltower (WELL), Alexandria Real Estate Equities (ARE), Weyerhaeuser (WY), Simon Property Group (SPG), Realty Income (O), AvalonBay Communities (AVB), Equity Residential (EQR), Extra Space Storage (EXR), Ventas (VTR), Healthpeak Properties (PEAK), Duke Realty (DRE), Sun Communities (SUI), Essex Property Trust (ESS), Mid-America Apartment Communities (MAA) and HCP (HCP).
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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), The 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 investors include PGGM Investments (6.70%), Timbercreek Investment Management Inc. (0.50%), State of New Jersey Common Pension Fund D (0.31%), American Assets Capital Advisers LLC (0.19%), Retirement Systems of Alabama (0.13%) and Artemis Investment Management LLP (0.13%). Company insiders that own Rexford Industrial Realty stock include Adeel Khan, David E Lanzer, Howard Schwimmer, Michael S Frankel, Richard S Ziman and Steven C Good.
View institutional ownership trends for Rexford Industrial Realty.

REXR stock was sold by a variety of institutional investors in the last quarter, including American Assets Capital Advisers LLC, KBC Group NV, Artemis Investment Management LLP, State of New Jersey Common Pension Fund D, BNP Paribas Arbitrage SA, and Community Capital Management Inc.. Company insiders that have sold Rexford Industrial Realty company stock in the last year include Adeel Khan, David E Lanzer, Howard Schwimmer, Michael S Frankel, Richard S Ziman, and Steven C Good.
View insider buying and selling activity for Rexford Industrial Realty.

REXR stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Retirement Systems of Alabama, WINTON GROUP Ltd, Timbercreek Investment Management Inc., Comerica Bank, Pacer Advisors Inc., Dupont Capital Management Corp, and State of Michigan Retirement System.
View insider buying and selling activity for Rexford Industrial Realty.

Shares of REXR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of REXR stock can currently be purchased for approximately $46.46.

Rexford Industrial Realty has a market capitalization of $5.75 billion and generates $267.21 million in revenue each year. The real estate investment trust earns $61.98 million in net income (profit) each year or $1.23 on an earnings per share basis. Rexford Industrial Realty employs 123 workers across the globe.

The official website for Rexford Industrial Realty is www.rexfordindustrial.com.

Rexford Industrial Realty's mailing address is 11620 WILSHIRE BOULEVARD SUITE 1000, LOS ANGELES CA, 90025. The real estate investment trust can be reached via phone at 310-966-1680 or via email at [email protected]