Equities Analysts Issue Forecasts for REXR FY2025 Earnings

Rexford Industrial Realty, Inc. (NYSE:REXR) – Research analysts at Wedbush lowered their FY2025 earnings estimates for shares of Rexford Industrial Realty in a report released on Monday, February 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $2.39 per share for the year, down from their prior estimate of $2.45. The consensus estimate for Rexford Industrial Realty’s current full-year earnings is $2.39 per share. Wedbush also issued estimates for Rexford Industrial Realty’s FY2026 earnings at $2.57 EPS.

A number of other equities analysts also recently issued reports on the company. Scotiabank downgraded Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $55.00 to $48.00 in a report on Friday, October 25th. Industrial Alliance Securities set a $55.00 price target on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Bank of America cut shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and lowered their price target for the company from $66.00 to $49.00 in a research report on Monday, October 21st. Truist Financial cut their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Mizuho lowered their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $49.42.

Rexford Industrial Realty Trading Up 2.0 %

REXR opened at $41.16 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty has a 52 week low of $36.92 and a 52 week high of $53.88. The stock has a market cap of $9.15 billion, a PE ratio of 34.02, a PEG ratio of 2.28 and a beta of 0.95. The business has a 50 day moving average of $39.65 and a 200-day moving average of $44.73.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 5th. 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. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.18%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s payout ratio is currently 138.02%.

Institutional Investors Weigh In On Rexford Industrial Realty

Several institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Rexford Industrial Realty in the 4th quarter worth about $33,000. UMB Bank n.a. raised its holdings in shares of Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Rexford Industrial Realty by 515.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,248 shares during the last quarter. GAMMA Investing LLC lifted its position in Rexford Industrial Realty by 111.7% during the third quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 976 shares during the period. Finally, Archer Investment Corp grew its position in Rexford Industrial Realty by 61.5% in the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 800 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.