Rexford Industrial Realty (NYSE:REXR) Announces Earnings Results

Rexford Industrial Realty (NYSE:REXR) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11, FiscalAI reports. The company had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.79 million. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. Rexford Industrial Realty updated its FY 2026 guidance to 2.370-2.42 EPS.

Rexford Industrial Realty Trading Up 0.1%

Shares of REXR stock traded up $0.04 during mid-day trading on Thursday, reaching $36.30. The company’s stock had a trading volume of 2,804,455 shares, compared to its average volume of 2,636,853. The company’s 50 day simple moving average is $35.41 and its 200-day simple moving average is $38.87. Rexford Industrial Realty has a 12-month low of $32.14 and a 12-month high of $44.38. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $8.15 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 2.65 and a beta of 1.26.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.435 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is 204.71%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on REXR shares. Truist Financial cut their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, April 13th. Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, February 17th. iA Financial set a $45.00 price target on shares of Rexford Industrial Realty in a research note on Friday, February 6th. Finally, Cantor Fitzgerald cut their price target on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $41.92.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total value of $816,328.28. Following the transaction, the chief executive officer owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David P. Stockert bought 5,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the purchase, the director owned 6,829 shares in the company, valued at approximately $255,336.31. This trade represents a 273.37% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 12,960 shares of company stock worth $486,804. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in Rexford Industrial Realty during the 3rd quarter worth $34,000. Meeder Asset Management Inc. increased its stake in Rexford Industrial Realty by 724.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 978 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Rexford Industrial Realty during the 4th quarter worth $45,000. Advisory Services Network LLC purchased a new stake in Rexford Industrial Realty during the 3rd quarter worth $46,000. Finally, Prosperity Bancshares Inc purchased a new stake in Rexford Industrial Realty during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.