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 report issued on Monday.

A number of other research analysts have also recently issued reports on the company. Evercore raised Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Monday, April 13th. Wells Fargo & Company lowered their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 1st. Mizuho dropped their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Zacks Research upgraded shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Scotiabank raised shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and decreased their price target for the company from $38.00 to $36.00 in a research note on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $40.38.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $37.44 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 1.56 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 firm’s 50-day moving average price is $34.75 and its two-hundred day moving average price is $36.18.

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

Insiders Place Their Bets

In other Rexford Industrial Realty 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 transaction of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in Rexford Industrial Realty by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after buying an additional 667,594 shares during the period. State Street Corp grew 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 worth $428,509,000 after acquiring an additional 556,810 shares during the period. Principal Financial Group Inc. raised its position in shares of Rexford Industrial Realty by 19.5% during the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after acquiring an additional 1,881,905 shares during the last quarter. Soroban Capital Partners LP raised its position in shares of 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 valued at $326,925,000 after acquiring an additional 3,344,677 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Rexford Industrial Realty by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,581,987 shares of the real estate investment trust’s stock valued at $117,239,000 after acquiring an additional 85,135 shares during the last quarter. Institutional investors and hedge funds 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.