JPMorgan Chase & Co. Increases Rexford Industrial Realty (NYSE:REXR) Price Target to $39.00

Rexford Industrial Realty (NYSE:REXR) had its target price boosted by analysts at JPMorgan Chase & Co. from $36.00 to $39.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 3.92% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and decreased their price target for the stock from $38.00 to $36.00 in a research note on Thursday, June 18th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Evercore restated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Finally, Wells Fargo & Company dropped their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.62.

Rexford Industrial Realty Stock Performance

REXR traded down $0.24 on Monday, hitting $37.53. 497,287 shares of the company’s stock were exchanged, compared to its average volume of 2,593,601. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $35.20 and a two-hundred day moving average of $36.07. Rexford Industrial Realty has a twelve month low of $32.14 and a twelve month high of $44.38. The firm has a market cap of $8.37 billion, a PE ratio of -20.75, a P/E/G ratio of 1.57 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, research analysts anticipate that Rexford Industrial Realty will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rexford Industrial Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in REXR. Lazard Asset Management LLC boosted its stake in shares of Rexford Industrial Realty by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 362 shares in the last quarter. IFM Investors Pty Ltd increased its position in Rexford Industrial Realty by 1.0% during the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock valued at $1,256,000 after purchasing an additional 370 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Rexford Industrial Realty by 8.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 387 shares during the last quarter. Koa Wealth Management LLC increased its position in shares of Rexford Industrial Realty by 0.9% during the first quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after buying an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Rexford Industrial Realty by 13.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 441 shares during the period. 99.52% of the stock is currently owned by 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.