Analysts Set Rexford Industrial Realty, Inc. (NYSE:REXR) Target Price at $40.93

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.00.

REXR has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Barclays lowered their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Scotiabank upped their price objective on Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 31st. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Thursday, August 6th.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $36.79 on Monday. The stock has a 50-day simple moving average of $36.44 and a two-hundred day simple moving average of $35.61. The firm has a market capitalization of $8.20 billion, a PE ratio of -20.33 and a beta of 1.18. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The firm had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts forecast that Rexford Industrial Realty will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is -96.13%.

Hedge Funds Weigh In On Rexford Industrial Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Rexford Industrial Realty in the 2nd quarter valued at $1,293,168,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rexford Industrial Realty by 2.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after purchasing an additional 667,594 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Rexford Industrial Realty by 19.5% during the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after purchasing an additional 1,881,905 shares in the last quarter. Finally, Soroban Capital Partners LP grew its position in shares of Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.