Wedbush Issues Pessimistic Estimate for REXR Earnings

Rexford Industrial Realty, Inc. (NYSE:REXR) – Stock analysts at Wedbush dropped their FY2025 earnings estimates for shares of Rexford Industrial Realty in a research report issued on Monday, February 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $2.39 per share for the year, down from their previous forecast 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 released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%.

REXR has been the topic of a number of other research reports. Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price for the company. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Finally, StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. 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 company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and an average price target of $49.42.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $41.16 on Wednesday. The business has a 50-day simple moving average of $39.65 and a two-hundred day simple moving average of $44.73. 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 price-to-earnings ratio of 34.02, a PEG ratio of 2.28 and a beta of 0.95.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio is 138.02%.

Institutional Trading of Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Rexford Industrial Realty by 111.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 976 shares during the last quarter. UMB Bank n.a. increased its stake in Rexford Industrial Realty by 164.3% in the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 447 shares during the period. Exchange Traded Concepts LLC increased its stake in Rexford Industrial Realty by 67.6% in the third quarter. Exchange Traded Concepts LLC now owns 2,801 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 1,130 shares during the period. Creative Planning lifted its position in shares of Rexford Industrial Realty by 36.1% during the third quarter. Creative Planning now owns 24,381 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 6,468 shares during the last quarter. Finally, Stableford Capital II LLC purchased a new stake in shares of Rexford Industrial Realty during the third quarter valued at $560,000. Institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

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.