Rexford Industrial Realty (NYSE:REXR) Rating Lowered to “Sell” at Wall Street Zen

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

Several other equities analysts have also issued reports on REXR. Truist Financial dropped their price objective on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Evercore raised Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Monday, April 13th. Scotiabank dropped their price objective on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 21st. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Robert W. Baird set a $40.00 price objective on Rexford Industrial Realty in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $35.04 on Friday. The stock’s 50-day moving average is $35.26 and its two-hundred day moving average is $37.35. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 1.45 and a beta of 1.21. Rexford Industrial Realty has a 1 year low of $32.14 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. The company had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Analysts predict that Rexford Industrial Realty will post 2.4 earnings per share for the current year.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the transaction, the general counsel owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the transaction, the chief executive officer directly owned 560,406 shares in the company, valued at approximately $19,776,727.74. This represents a 3.96% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in REXR. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Rexford Industrial Realty by 24.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock valued at $12,529,000 after purchasing an additional 63,313 shares in the last quarter. Vestcor Inc purchased a new stake in Rexford Industrial Realty in the 3rd quarter valued at approximately $1,794,000. Barclays PLC boosted its holdings in Rexford Industrial Realty by 175.0% in the 3rd quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock valued at $82,011,000 after purchasing an additional 1,269,603 shares in the last quarter. AR Asset Management Inc. boosted its holdings in Rexford Industrial Realty by 28.2% in the 3rd quarter. AR Asset Management Inc. now owns 77,050 shares of the real estate investment trust’s stock valued at $3,168,000 after purchasing an additional 16,950 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 valued at $159,836,000 after purchasing an additional 161,589 shares in the last quarter. Hedge funds and other institutional investors 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.