Truist Financial Has Lowered Expectations for Rexford Industrial Realty (NYSE:REXR) Stock Price

Rexford Industrial Realty (NYSE:REXR) had its price objective dropped by equities research analysts at Truist Financial from $44.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target suggests a potential upside of 7.70% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. UBS Group set a $44.00 price objective on shares of Rexford Industrial Realty in a research note on Monday, November 10th. Citigroup reduced their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Evercore lowered their target price on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Finally, BNP Paribas Exane downgraded shares of Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.31.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $37.14 on Wednesday. The firm has a fifty day simple moving average of $39.56 and a two-hundred day simple moving average of $40.52. The firm has a market cap of $8.61 billion, a PE ratio of 43.69, a P/E/G ratio of 2.39 and a beta of 1.23. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. 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 quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The company had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, equities analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current year.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 18,750 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares in the company, valued at approximately $23,376,532.28. This trade represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 57,118 shares of company stock valued at $2,345,706. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Rexford Industrial Realty

Several hedge funds have recently made changes to their positions in REXR. Royal Bank of Canada lifted its stake in Rexford Industrial Realty by 3.5% in the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock worth $9,849,000 after acquiring an additional 8,506 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after purchasing an additional 526,877 shares in the last quarter. CWM LLC grew its stake in shares of Rexford Industrial Realty by 637.5% during the second quarter. CWM LLC now owns 31,129 shares of the real estate investment trust’s stock worth $1,107,000 after purchasing an additional 26,908 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Rexford Industrial Realty by 3.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

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.