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 Wall Street analysts have issued 12-month target prices for Rexford Industrial Realty's shares. 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 year. This suggests a possible upside of 37.5% from the stock's current price.
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Rexford Industrial Realty's stock was trading at $81.11 on January 1st, 2022. Since then, REXR shares have decreased by 30.3% and is now trading at $56.57.
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Rexford Industrial Realty saw a increase in short interest in August. As of August 31st, there was short interest totaling 13,630,000 shares, an increase of 20.9% from the August 15th total of 11,270,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 10.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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Rexford Industrial Realty, Inc. (NYSE:REXR) posted its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.22 earnings per share (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 the consensus estimate 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%. The firm's quarterly revenue was up 42.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS.

Rexford Industrial Realty announced a quarterly dividend on Monday, July 18th. Investors 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 dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 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 2.23%. 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 56.76% 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 updated 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 -.

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.

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Rexford Industrial Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "REXR."

Rexford Industrial Realty's stock is owned by many different 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.
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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 $56.57.

Rexford Industrial Realty (NYSE:REXR) has a market capitalization of $9.68 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.

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.