Rexford Industrial Realty (NYSE:REXR) Price Target Raised to $39.00

Rexford Industrial Realty (NYSE:REXR) had its target price boosted by JPMorgan Chase & Co. from $36.00 to $39.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the real estate investment trust’s stock.

REXR has been the subject of a number of other research reports. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company from $38.00 to $36.00 in a research note on Thursday, June 18th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Truist Financial cut their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.62.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $36.99 on Monday. 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. The firm’s 50-day simple moving average is $35.26 and its 200 day simple moving average is $35.99. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of -20.44, a P/E/G ratio of 1.54 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, sell-side analysts predict that Rexford Industrial Realty will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

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

Institutional Trading of Rexford Industrial Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Soroban Capital Partners LP boosted its holdings in shares of Rexford Industrial Realty by 57.2% during the 2nd 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 acquiring an additional 3,344,677 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in Rexford Industrial Realty in the 2nd quarter worth about $91,671,000. Norges Bank bought a new position in Rexford Industrial Realty in the fourth quarter valued at about $73,777,000. Principal Financial Group Inc. raised its position in Rexford Industrial Realty by 19.5% in 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 during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at about $44,853,000. Institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

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.