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

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

Several other brokerages have also issued reports on REXR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Raymond James Financial started coverage on Rexford Industrial Realty in a report on Wednesday, June 17th. They issued an “underperform” rating for the company. Mizuho dropped their price target on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Scotiabank upgraded shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and cut their price objective for the company from $38.00 to $36.00 in a report on Thursday, June 18th. Finally, Truist Financial decreased 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 analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and a consensus target price of $40.62.

Rexford Industrial Realty Stock Up 0.2%

NYSE REXR traded up $0.06 on Friday, hitting $34.09. The stock had a trading volume of 1,819,166 shares, compared to its average volume of 2,599,026. The business’s fifty day moving average price is $34.75 and its 200 day moving average price is $36.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $243.78 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current year.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty 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 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 legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC grew its position in 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 buying an additional 362 shares during the last quarter. IFM Investors Pty Ltd raised 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 worth $1,256,000 after buying an additional 370 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 387 shares during the last quarter. Koa Wealth Management LLC lifted its stake in shares of Rexford Industrial Realty by 0.9% in the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after acquiring an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 13.1% in 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 owned by institutional investors and hedge funds.

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.