Wedbush Has Pessimistic View of REXR FY2025 Earnings

Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) - Equities research analysts at Wedbush cut their FY2025 earnings per share estimates for shares of Rexford Industrial Realty in a research report issued to clients and investors 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 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.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays reduced their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research note on Monday, January 13th. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a research note on Friday, October 18th. Finally, StockNews.com cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research note on Monday, October 21st. Two 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 has an average rating of "Hold" and a consensus price target of $48.75.

Rexford Industrial Realty Trading Down 0.5 %

NYSE REXR traded down $0.19 during trading on Wednesday, hitting $40.39. The stock had a trading volume of 1,570,382 shares, compared to its average volume of 1,987,753. Rexford Industrial Realty has a twelve month low of $36.92 and a twelve month high of $53.88. The company has a market capitalization of $8.98 billion, a PE ratio of 33.38, 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. The firm has a 50 day moving average price of $39.61 and a 200 day moving average price of $44.55.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share 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%.

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 dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio is currently 138.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of REXR. Quantbot Technologies LP acquired a new stake in Rexford Industrial Realty in the fourth quarter valued at $33,000. UMB Bank n.a. boosted its stake 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 acquiring an additional 447 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake 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 acquiring an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Rexford Industrial Realty during the fourth quarter worth about $65,000. Finally, 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 worth $93,000 after buying an additional 976 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

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.