Wedbush Has Bearish Outlook for REXR FY2026 Earnings

Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) - Equities research analysts at Wedbush cut their FY2026 earnings per share (EPS) estimates for Rexford Industrial Realty in a report released on Thursday, April 24th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $2.56 per share for the year, down from their prior forecast of $2.57. The consensus estimate for Rexford Industrial Realty's current full-year earnings is $2.38 per share.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The company had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million.

Several other equities analysts also recently commented on the company. Evercore ISI decreased their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Robert W. Baird cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Mizuho cut their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Scotiabank cut their target price on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $44.00.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock traded up $0.30 on Friday, hitting $33.38. The stock had a trading volume of 2,210,637 shares, compared to its average volume of 1,907,789. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $52.61. The business's 50 day moving average is $37.43 and its two-hundred day moving average is $39.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.15%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in REXR. MassMutual Private Wealth & Trust FSB lifted its stake in Rexford Industrial Realty by 332.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 566 shares during the period. Bessemer Group Inc. lifted its stake in Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 405 shares during the period. Private Trust Co. NA lifted its stake in Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 370 shares during the period. Quantbot Technologies LP acquired a new position in Rexford Industrial Realty in the fourth quarter valued at approximately $33,000. Finally, UMB Bank n.a. lifted its stake in Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 280 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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.