Rexford Industrial Realty (NYSE:REXR) Raised to “Outperform” at Mizuho

Rexford Industrial Realty (NYSE:REXR) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, Benzinga reports. The firm currently has a $41.00 price target on the real estate investment trust’s stock, up from their prior price target of $38.00. Mizuho’s target price suggests a potential upside of 9.39% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Rexford Industrial Realty in a research note on Wednesday, September 30th. Scotiabank boosted their price objective on shares of Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 31st. Evercore reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Barclays reduced their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Finally, Weiss Ratings lowered Rexford Industrial Realty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus target price of $41.13.

Rexford Industrial Realty Stock Up 2.0%

Shares of NYSE:REXR opened at $37.48 on Tuesday. Rexford Industrial Realty has a 12 month low of $32.14 and a 12 month high of $44.38. The company’s 50-day moving average price is $37.19 and its two-hundred day moving average price is $35.86. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The firm has a market cap of $8.36 billion, a P/E ratio of -20.71 and a beta of 1.18.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, research analysts forecast that Rexford Industrial Realty will post 2.40 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC raised its position in shares of Rexford Industrial Realty by 125.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 700 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 390 shares during the period. Allworth Financial LP bought a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at about $33,000. Cassaday & Co Wealth Management LLC bought a new stake in Rexford Industrial Realty during the first quarter worth about $33,000. Caitlin John LLC bought a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $36,000. Finally, Global Retirement Partners LLC bought a new position in Rexford Industrial Realty during the second quarter worth about $51,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.