Rexford Industrial Realty (NYSE:REXR) Upgraded at Wall Street Zen

Rexford Industrial Realty (NYSE:REXR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts also recently weighed in on REXR. Mizuho decreased their target price on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a report on Tuesday, May 12th. Evercore raised Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Monday, April 13th. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.62.

Rexford Industrial Realty Stock Down 0.1%

Shares of Rexford Industrial Realty stock opened at $33.08 on Friday. The company has a fifty day moving average price of $35.29 and a 200 day moving average price of $37.07. The company has a current ratio of 1.50, a quick 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. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The firm had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.78 million. During the same period in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research analysts forecast that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Insider Activity at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction dated 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 owned 33,299 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently bought and sold shares of REXR. Soroban Capital Partners LP raised its position in shares of Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at approximately $91,671,000. Norges Bank purchased a new position in shares of Rexford Industrial Realty during the 4th quarter valued at approximately $73,777,000. Principal Financial Group Inc. grew its position in shares of Rexford Industrial Realty by 19.5% during the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Rexford Industrial Realty by 175.0% during the third quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock worth $82,011,000 after buying an additional 1,269,603 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.