Rexford Industrial Realty (NYSE:REXR) Downgraded by Wall Street Zen to “Sell”

Rexford Industrial Realty (NYSE:REXR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

REXR has been the topic of a number of other reports. Truist Financial reduced their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Scotiabank raised shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and dropped their price objective for the company from $38.00 to $36.00 in a research note on Thursday, June 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Evercore upgraded shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Monday, April 13th. Finally, Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.62.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $34.27 on Friday. The stock’s 50-day simple moving average is $34.92 and its 200 day simple moving average is $36.57. The firm has a market capitalization of $7.73 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty has a twelve month low of $32.14 and a twelve month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $242.14 million for the quarter, compared to analysts’ expectations of $243.78 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, analysts anticipate that Rexford Industrial Realty will post 2.4 EPS for the current fiscal year.

Insider Activity at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REXR. V Square Quantitative Management LLC acquired a new position in shares of Rexford Industrial Realty in the 4th quarter worth approximately $31,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Rexford Industrial Realty during the first quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth $34,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the third quarter worth $34,000. Finally, Allworth Financial LP raised its stake in Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 574 shares during 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.