REXR icon

Rexford Industrial Realty

38.02 USD
+0.05
0.13%
At close Dec 20, 4:00 PM EST
After hours
38.56
+0.54
1.42%
1 day
0.13%
5 days
-7.00%
1 month
-10.92%
3 months
-25.64%
6 months
-14.18%
Year to date
-32.48%
1 year
-31.22%
5 years
-15.68%
10 years
138.67%
 

About: Rexford Industrial Realty Inc is a real estate investment trust engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.

Employees: 242

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

57% more call options, than puts

Call options by funds: $15M | Put options by funds: $9.56M

25% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]

24% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 46

15% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 136

12% more capital invested

Capital invested by funds: $10.6B [Q2] → $11.9B (+$1.28B) [Q3]

3% more funds holding

Funds holding: 388 [Q2] → 399 (+11) [Q3]

1.55% less ownership

Funds ownership: 109.11% [Q2] → 107.56% (-1.55%) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$48
26%
upside
Avg. target
$49
29%
upside
High target
$50
32%
upside

2 analyst ratings

positive
50%
neutral
50%
negative
0%
Truist Securities
Anthony Hau
41% 1-year accuracy
13 / 32 met price target
32%upside
$50
Buy
Maintained
12 Nov 2024
Scotiabank
Greg McGinniss
17% 1-year accuracy
2 / 12 met price target
26%upside
$48
Sector Perform
Downgraded
25 Oct 2024

Financial journalist opinion

Based on 21 articles about REXR published over the past 30 days

Negative
Seeking Alpha
12 hours ago
Very Bad News For REITs
Trump's election victory is bad news for many REITs. His policies are perceived to be inflationary. As a result, interest rates may remain higher for longer.
Very Bad News For REITs
Positive
Seeking Alpha
13 hours ago
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.
10 Stocks I'm Buying As REITs Have Never Looked So Good
Positive
The Motley Fool
14 hours ago
1 Magnificent High-Yield Dividend Stock Down 50% to Buy and Hold Forever
Shares of Rexford Industrial Realty (REXR 0.13%) got a huge boost from investors coming out of the pandemic. It was, at that point, a story stock thanks to increased demand for warehouses at the time.
1 Magnificent High-Yield Dividend Stock Down 50% to Buy and Hold Forever
Positive
Seeking Alpha
1 day ago
Buy The Dip: High-Yield High-Growth Stocks Getting Way Too Cheap
The Federal Reserve's announcement of fewer rate cuts has caused market panic, accelerating pullbacks in high-yield, high-growth stocks. However, I have found that high-yield, high-growth stocks are among the most rewarding investments. I share two high-yield, high-growth stocks that Mr. Market appears to be overlooking right now.
Buy The Dip: High-Yield High-Growth Stocks Getting Way Too Cheap
Negative
Seeking Alpha
1 day ago
Buckle Up Buttercup: My Warning To Dividend Investors
The Fed's recent rate cut and upward revision of future rate expectations confirm my concerns about persistent above-average inflation and geopolitical risks. Market volatility has increased, signaling a growing acceptance of "higher for longer" rates, impacting long-term borrowing costs and economic stability. Despite economic uncertainty, I see opportunities for prudent investors and will provide more investment ideas in the coming days and months. Stay tuned!
Buckle Up Buttercup: My Warning To Dividend Investors
Neutral
Seeking Alpha
3 days ago
Ignore The Market, Rexford Industrial Is A Diamond In The Rough
REXR faces a challenging year with a 28.6% YTD decline, driven by deteriorating Southern California industrial market fundamentals. Despite common shares plummeting, REXR's preferred shares and bonds remain stable with strong cash flow and a conservative balance sheet. The Southern California market shows high vacancy rates and declining rents, but geographic constraints and infrastructure activity offer long-term recovery potential.
Ignore The Market, Rexford Industrial Is A Diamond In The Rough
Negative
Seeking Alpha
5 days ago
Rexford Keeps Dropping, But Is It A Buy Yet?
Rexford Industrial (REXR) has seen a significant decline in share price, down 41% over the last three years, despite strong historical performance. Analysts are generally positive on REXR, but recent headwinds in California and management's withdrawn guidance suggest caution. The bull case highlights REXR's strong balance sheet, strategic assets, and secure dividend, while the bear case points to SoCal concentration risks and slowing FFO trends.
Rexford Keeps Dropping, But Is It A Buy Yet?
Positive
Seeking Alpha
5 days ago
All I Want For Christmas Are A Few Great REITs
I'm excited to present my top 5 undervalued REITs for Christmas. VICI Properties, Realty Income, Alexandria Real Estate, American Tower, and Rexford Industrial are highlighted for their strong growth potential and attractive valuations. Each REIT offers significant upside potential by the end of 2025, with well-covered dividends and solid balance sheets.
All I Want For Christmas Are A Few Great REITs
Positive
Seeking Alpha
6 days ago
Tax Loss Selling Season: Four Oversold Stocks
Tax loss selling has created opportunities in overly discounted stocks like Dave & Buster's, Rexford Industrial Real Estate, Portillo's, and Caesar's Entertainment. Dave & Buster's shares have plummeted due to weak comps and increased leverage, but insider buying and potential EBITDA growth present a compelling valuation. Rexford Industrial Real Estate offers attractive returns due to high-quality assets and strong negotiating positions, despite recent rent declines.
Tax Loss Selling Season: Four Oversold Stocks
Neutral
Seeking Alpha
1 week ago
Rexford Industrial: Highest Dividend Yield In Over A Decade From Investment Grade Industrial REIT
Rexford Industrial (REXR) is down 21% over the last year due to macro headwinds and moderating SoCal rents post-pandemic. REXR has withdrawn its prior 3-year FFO per share CAGR guidance as SoCal market rent dips and vacancy rates rise. The quarterly cash dividend is $1.67 per share annualized, yielding 4.1%, the highest in over a decade due to share price dip.
Rexford Industrial: Highest Dividend Yield In Over A Decade From Investment Grade Industrial REIT
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