Rexford Industrial Realty (REXR) Stock Price, News & Analysis

Company Overview

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 371 properties with approximately 45.0 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member.

Key Stats

• Today's Range: $42.28 to $42.87
• 50-Day Range: $41.39 to $52.18
• 52-Week Range: $41.16 to $58.02
• Volume: 966,676 shs
• Average Volume: 1.82 million shs
• Market Capitalization: $9.49 billion
• P/E Ratio: 34.70
• Dividend Yield: 3.91%
• Price Target: $51.09
• Consensus Rating: Hold

Rexford Industrial Realty Stock Analysis - MarketRank™

Rexford Industrial Realty scored higher than 96% of companies evaluated by MarketBeat, and ranked 43rd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Rexford Industrial Realty has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Rexford Industrial Realty has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.12%

Earnings Growth

Earnings for Rexford Industrial Realty are expected to grow by 8.12% in the coming year, from $2.34 to $2.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Rexford Industrial Realty is 34.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Rexford Industrial Realty is 34.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Earnings Growth Ratio

Rexford Industrial Realty has a PEG Ratio of 2.04. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Rexford Industrial Realty has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.68% of the outstanding shares of Rexford Industrial Realty have been sold short.

Short Interest Ratio / Days to Cover

Rexford Industrial Realty has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Rexford Industrial Realty has recently increased by 16.37%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Rexford Industrial Realty is a leading dividend payer. It pays a dividend yield of 3.89%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Rexford Industrial Realty does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Rexford Industrial Realty is 135.77%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Rexford Industrial Realty will have a dividend payout ratio of 66.01% next year. This indicates that Rexford Industrial Realty will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -2.10

Percentage of Shares Shorted

2.68% of the outstanding shares of Rexford Industrial Realty have been sold short.

Short Interest Ratio / Days to Cover

Rexford Industrial Realty has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Rexford Industrial Realty has recently increased by 16.37%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.97

News Sentiment

Rexford Industrial Realty has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Rexford Industrial Realty this week, compared to 7 articles on an average week.

Search Interest

Only 9 people have searched for REXR on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

6 people have added Rexford Industrial Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Rexford Industrial Realty insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $711,378.00 in company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Rexford Industrial Realty is held by insiders.

Percentage Held by Institutions

99.52% of the stock of Rexford Industrial Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

REXR Stock Analysis - Frequently Asked Questions

How have REXR shares performed this year?

Rexford Industrial Realty's stock was trading at $56.10 on January 1st, 2024. Since then, REXR shares have decreased by 23.9% and is now trading at $42.6850.
View the best growth stocks for 2024 here.

How were Rexford Industrial Realty's earnings last quarter?

Rexford Industrial Realty, Inc. (NYSE:REXR) announced its earnings results on Wednesday, October, 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.58 by $0.28. The firm's revenue for the quarter was up 17.7% on a year-over-year basis.

Who are Rexford Industrial Realty's major shareholders?

Rexford Industrial Realty's top institutional shareholders include Principal Financial Group Inc. (4.92%), State Street Corp (4.78%), Geode Capital Management LLC (1.83%) and Massachusetts Financial Services Co. MA (1.50%). Insiders that own company stock include Howard Schwimmer, Laura E Clark and David E Lanzer.
View institutional ownership trends.

How do I buy shares of Rexford Industrial Realty?

Shares of REXR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Rexford Industrial Realty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Rexford Industrial Realty investors own include Medtronic (MDT), NVIDIA (NVDA), Verizon Communications (VZ), Meta Platforms (META), PepsiCo (PEP), Walt Disney (DIS) and Walmart (WMT).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/16/2024
• Today: 11/20/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:REXR
• Previous Symbol: NASDAQ:REXR
• CUSIP: N/A
• CIK: 1571283
• Web: www.rexfordindustrial.com
• Phone: (310) 966-1680
• Fax: 310-966-1690
• Employees: 220
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $51.09
• High Stock Price Target: $61.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +19.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.23
• Trailing P/E Ratio: 34.70
• Forward P/E Ratio: 18.24
• P/E Growth: 2.01
• Net Income: $238.02 million
• Net Margins: 30.40%
• Pretax Margin: 31.90%
• Return on Equity: 3.35%
• Return on Assets: 2.29%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 1.20
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $797.83 million
• Price / Sales: 11.90
• Cash Flow: $2.20 per share
• Price / Cash Flow: 19.43
• Book Value: $37.84 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 222,390,000
• Free Float: 219,723,000
• Market Cap: $9.49 billion
• Optionable: Optionable
• Beta: 0.94