Rexford Industrial Realty, Inc. (NYSE:REXR) Stock Rated “Hold” by Sell-Side Brokerages

Rexford Industrial Realty, Inc. (NYSE:REXR) has received an average recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $40.87.

Several research analysts recently commented on REXR shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Barclays lowered their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Wells Fargo & Company dropped their target price on Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Finally, Mizuho boosted their target price on Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th.

Institutional Investors Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Rexford Industrial Realty during the 2nd quarter worth about $1,293,168,000. Legal & General Group Plc purchased a new stake in Rexford Industrial Realty in the 2nd quarter worth about $86,861,000. Bank of America Corp DE purchased a new stake in Rexford Industrial Realty in the 2nd quarter worth about $79,547,000. Norges Bank purchased a new stake in Rexford Industrial Realty in the 4th quarter worth about $73,777,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rexford Industrial Realty by 41,558.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,654,665 shares of the real estate investment trust’s stock worth $55,431,000 after purchasing an additional 1,650,693 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

REXR stock opened at $37.39 on Friday. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $35.73. The firm has a market capitalization of $8.34 billion, a P/E ratio of -20.66 and a beta of 1.18.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.4350 per share. This represents a $1.74 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s payout ratio is presently -96.13%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.