Evercore ISI Lowers Rexford Industrial Realty (NYSE:REXR) Price Target to $40.00

Rexford Industrial Realty (NYSE:REXR) had its price objective decreased by equities research analysts at Evercore ISI from $41.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 0.76% from the stock’s current price.

REXR has been the subject of a number of other reports. Industrial Alliance Securities set a $42.00 price target on shares of Rexford Industrial Realty in a report on Wednesday, November 19th. Cantor Fitzgerald initiated coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price for the company. BNP Paribas lowered Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Three 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.00.

Rexford Industrial Realty Stock Performance

REXR opened at $39.70 on Monday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $41.45 and its two-hundred day moving average price is $39.82. The firm has a market capitalization of $9.24 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 2.50 and a beta of 1.22. Rexford Industrial Realty has a 12-month low of $29.68 and a 12-month high of $44.38.

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

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the transaction, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 57,118 shares of company stock worth $2,345,706 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

Several large investors have recently made changes to their positions in REXR. EverSource Wealth Advisors LLC increased its stake in shares of Rexford Industrial Realty by 7.4% in the third quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 241 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Rexford Industrial Realty by 1.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 278 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Rexford Industrial Realty by 6.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 293 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Rexford Industrial Realty by 0.7% in the first quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock worth $1,753,000 after acquiring an additional 308 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Rexford Industrial Realty by 0.3% during the second quarter. Mutual of America Capital Management LLC now owns 117,425 shares of the real estate investment trust’s stock worth $4,177,000 after purchasing an additional 311 shares in the last quarter. 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.