Rexford Industrial Realty, Inc. (NYSE:REXR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.0769.

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Rexford Industrial Realty from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company boosted their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Wall Street Zen downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Wolfe Research lowered Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Finally, UBS Group set a $44.00 price objective on Rexford Industrial Realty in a research report on Monday, November 10th.

Insiders Place Their Bets

In related news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the sale, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 38,368 shares of company stock worth $1,594,581. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 5.7% in the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock valued at $1,154,629,000 after purchasing an additional 1,749,685 shares during the period. Price T Rowe Associates Inc. MD raised its position in Rexford Industrial Realty by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,443,472 shares of the real estate investment trust’s stock valued at $1,074,413,000 after purchasing an additional 445,743 shares in the last quarter. State Street Corp raised its position in Rexford Industrial Realty by 4.9% during the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Soroban Capital Partners LP lifted its holdings in shares of Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after buying an additional 3,344,677 shares during the period. Finally, Centersquare Investment Management LLC grew its position in shares of Rexford Industrial Realty by 7.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,808,035 shares of the real estate investment trust’s stock worth $188,235,000 after buying an additional 315,869 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $41.16 on Friday. The stock’s fifty day moving average is $41.59 and its 200 day moving average is $39.26. Rexford Industrial Realty has a fifty-two week low of $29.68 and a fifty-two week high of $44.38. The firm has a market capitalization of $9.58 billion, a PE ratio of 28.98, a PEG ratio of 2.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company had revenue of $253.24 million during the quarter, compared to analyst estimates of $253.46 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Rexford Industrial Realty’s quarterly revenue was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio is presently 121.13%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.