Rexford Industrial Realty (NYSE:REXR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Rexford Industrial Realty (NYSE:REXR) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

REXR has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Cantor Fitzgerald reduced their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Finally, Scotiabank reduced their price target on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.92.

Rexford Industrial Realty Stock Up 0.0%

Shares of REXR stock traded up $0.01 during trading on Tuesday, reaching $35.52. The company’s stock had a trading volume of 441,221 shares, compared to its average volume of 2,634,599. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 2.51. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 38.28, a P/E/G ratio of 2.62 and a beta of 1.26. The stock’s 50-day moving average price is $35.27 and its 200 day moving average price is $38.69. Rexford Industrial Realty has a 1-year low of $32.14 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping 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 company had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. During the same quarter in the previous year, the business posted $0.62 EPS. The firm’s revenue 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. On average, research analysts anticipate that Rexford Industrial Realty will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s payout ratio is currently 187.10%.

Insider Buying and Selling

In other news, Director David P. Stockert acquired 5,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $37.39 per share, with a total value of $186,950.00. Following the purchase, the director owned 6,829 shares of the company’s stock, valued at $255,336.31. This represents a 273.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the transaction, the chief executive officer directly owned 560,406 shares in the company, valued at $19,776,727.74. This represents a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired a total of 12,960 shares of company stock worth $486,804 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at about $31,000. Vision Financial Markets LLC acquired a new stake in Rexford Industrial Realty in the 3rd quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at about $34,000. Wiser Advisor Group LLC acquired a new stake in Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Finally, Allworth Financial LP lifted its holdings in Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

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.