It is never good news when a stock loses half its value, but that's exactly what has happened to Rexford Industrial ( REXR +2.08% ) . That drop has pushed its dividend yield up to an attractive 4.2%. However, what's most interesting is the business that backs that yield. Here's why you might want to buy and hold Rexford forever.

What went wrong with Rexford's business?

Normally, when a stock loses half of its value, there's a very negative development to blame. That's not really the case with Rexford. The primary issue is investor sentiment, combined with what are essentially normal market dynamics. It all traces back to the coronavirus pandemic, when consumers were forced to shop online because many physical stores were closed.

More online shopping meant that online retaile

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