Rexford Industrial Realty (NYSE:REXR) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Rexford Industrial Realty (NYSE:REXR) announced its earnings results on Wednesday. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31, Zacks reports. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. Rexford Industrial Realty updated its FY 2025 guidance to 2.370-2.410 EPS.

Rexford Industrial Realty Stock Down 2.0 %

NYSE:REXR traded down $0.81 during mid-day trading on Friday, hitting $39.75. The company had a trading volume of 1,245,701 shares, compared to its average volume of 1,947,791. The business has a fifty day simple moving average of $39.77 and a 200-day simple moving average of $44.94. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.21 and a beta of 0.95. Rexford Industrial Realty has a 1 year low of $36.92 and a 1 year high of $53.88. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.33%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio is 135.77%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on REXR shares. Mizuho decreased their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research note on Friday, October 18th. Bank of America downgraded shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.42.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.