Rexford Industrial Realty, Inc. (NYSE:REXR) Given Average Recommendation of “Hold” by Analysts

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.0833.

Several equities research analysts have issued reports on REXR shares. UBS Group set a $44.00 price target on Rexford Industrial Realty in a research note on Monday, November 10th. Wells Fargo & Company raised their price objective on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Truist Financial boosted their target price on Rexford Industrial Realty from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Robert W. Baird set a $41.00 target price on Rexford Industrial Realty in a research note on Thursday, January 8th. Finally, Evercore ISI reduced their price target on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a research report on Monday, December 22nd.

Insider Activity at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the transaction, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 57,118 shares of company stock worth $2,345,706. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in REXR. Vanguard Group Inc. grew its stake in shares of Rexford Industrial Realty by 5.7% during the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock valued at $1,154,629,000 after buying an additional 1,749,685 shares during the last quarter. State Street Corp boosted its holdings in Rexford Industrial Realty by 4.9% during the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after acquiring an additional 556,810 shares during the period. Soroban Capital Partners LP grew its position in Rexford Industrial Realty by 57.2% during the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after acquiring an additional 3,344,677 shares during the last quarter. Geode Capital Management LLC grew its position in Rexford Industrial Realty by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,525,150 shares of the real estate investment trust’s stock worth $160,984,000 after acquiring an additional 167,800 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Rexford Industrial Realty by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock worth $159,836,000 after purchasing an additional 161,589 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $40.99 on Friday. The company’s fifty day moving average price is $40.57 and its 200-day moving average price is $40.18. 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 firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.59 and a beta of 1.22. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 33.88% and a return on equity of 3.81%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. On average, equities research analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

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.