Rexford Industrial Realty, Inc. (NYSE:REXR) Plans $0.43 Quarterly Dividend

Rexford Industrial Realty, Inc. (NYSE:REXR) announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.435 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th.

Rexford Industrial Realty has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Rexford Industrial Realty has a payout ratio of 156.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Rexford Industrial Realty to earn $2.37 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 73.4%.

Rexford Industrial Realty Stock Up 2.1%

Shares of NYSE:REXR opened at $34.20 on Friday. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.43 and a beta of 1.21. Rexford Industrial Realty has a 12-month low of $32.14 and a 12-month high of $44.38. The business has a 50-day moving average price of $35.18 and a 200 day moving average price of $36.81. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.78 million. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Sell-side analysts expect that Rexford Industrial Realty will post 2.4 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on REXR. Truist Financial lowered their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $38.00 to $36.00 in a research report on Wednesday, June 17th. Raymond James Financial began coverage on shares of Rexford Industrial Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating for the company. Wall Street Zen raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Scotiabank upgraded shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $38.00 to $36.00 in a report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.62.

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.