Wedbush Issues Pessimistic Estimate for REXR Earnings

Rexford Industrial Realty, Inc. (NYSE:REXR) – Wedbush cut their FY2025 earnings per share (EPS) estimates for Rexford Industrial Realty in a report issued on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $2.39 per share for the year, down from their previous 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.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%.

REXR has been the topic of several other research reports. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Truist Financial cut their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Scotiabank cut Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $55.00 to $48.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Mizuho dropped their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.75.

Rexford Industrial Realty Trading Up 1.4 %

Shares of NYSE REXR opened at $40.58 on Wednesday. The stock’s 50 day moving average price is $39.60 and its two-hundred day moving average price is $44.64. Rexford Industrial Realty has a 52-week low of $36.92 and a 52-week high of $53.88. The stock has a market capitalization of $9.02 billion, a P/E ratio of 33.54, a PEG ratio of 2.28 and a beta of 0.95. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in Rexford Industrial Realty by 164.3% in the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 447 shares in the last quarter. Quantbot Technologies LP bought a new position in Rexford Industrial Realty in the 4th quarter worth approximately $33,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Rexford Industrial Realty by 515.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Rexford Industrial Realty in the 4th quarter worth approximately $65,000. Finally, GAMMA Investing LLC grew its holdings in Rexford Industrial Realty by 111.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 976 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.24%. This is a positive change 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 138.02%.

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.