Evercore ISI Lowers Rexford Industrial Realty (NYSE:REXR) Price Target to $41.00

Rexford Industrial Realty (NYSE:REXR) had its price objective reduced by investment analysts at Evercore ISI from $42.00 to $41.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective suggests a potential downside of 0.77% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Wolfe Research lowered Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 20th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, October 21st. BNP Paribas lowered shares of Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Finally, UBS Group set a $44.00 price target on shares of Rexford Industrial Realty in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $43.00.

Rexford Industrial Realty Stock Down 0.3%

Shares of NYSE REXR opened at $41.32 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The company has a 50-day moving average price of $41.60 and a 200-day moving average price of $39.23. The stock has a market capitalization of $9.62 billion, a P/E ratio of 29.10, a P/E/G ratio of 3.05 and a beta of 1.15. Rexford Industrial Realty has a 1 year low of $29.68 and a 1 year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $253.24 million for the quarter, compared to analyst estimates of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, equities research analysts forecast that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Rexford Industrial Realty

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Rexford Industrial Realty by 403.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 553 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Rexford Industrial Realty in the third quarter valued at $33,000. Wiser Advisor Group LLC purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at $34,000. Allworth Financial LP lifted its position in shares of Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 574 shares during the last quarter. Finally, Quent Capital LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

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.