Rexford Industrial Realty (NYSE:REXR) Raised to “Hold” at Wall Street Zen

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

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Scotiabank lowered their price objective on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and an average target price of $41.92.

Rexford Industrial Realty Trading Up 0.0%

Shares of REXR stock opened at $34.76 on Friday. 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 $7.85 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23. Rexford Industrial Realty has a 12-month low of $32.14 and a 12-month high of $44.38. The stock’s 50-day moving average price is $34.93 and its 200-day moving average price is $38.17.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share 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 business had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue for the quarter 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 predict that Rexford Industrial Realty will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling at Rexford Industrial Realty

In related news, Director David P. Stockert purchased 5,000 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average price of $37.39 per share, with a total value of $186,950.00. Following the purchase, the director directly owned 6,829 shares of the company’s stock, valued at approximately $255,336.31. This represents a 273.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average price of $37.73 per share, with a total value of $200,346.30. Following the acquisition, the chief operating officer directly owned 5,310 shares in the company, valued at $200,346.30. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 12,960 shares of company stock valued at $486,804. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of institutional investors have recently modified their holdings of REXR. Sumitomo Mitsui Trust Group Inc. raised its position in Rexford Industrial Realty by 24.3% during 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. Knights of Columbus Asset Advisors LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $1,879,000. Cibc World Market Inc. bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $41,111,000. Whittier Trust Co. increased its stake in shares of Rexford Industrial Realty by 30.6% during the third quarter. Whittier Trust Co. now owns 383,961 shares of the real estate investment trust’s stock valued at $16,000,000 after buying an additional 89,903 shares during the period. Finally, Barclays PLC increased its stake 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 valued at $82,011,000 after buying an additional 1,269,603 shares during the period. 99.52% of the stock is 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.