Rexford Industrial Realty (NYSE:REXR) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Rexford Industrial Realty (NYSE:REXR – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Other analysts have also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Mizuho reduced their target price 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 raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the company from $38.00 to $36.00 in a research note on Thursday, June 18th. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.38.

Get Our Latest Analysis on REXR

Rexford Industrial Realty Stock Up 0.2%

REXR stock opened at $37.84 on Friday. The company’s 50 day moving average is $35.20 and its 200 day moving average is $36.07. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of -20.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.19. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty has a 1-year low of $32.14 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR – Get Free Report) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $240.24 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that Rexford Industrial Realty will post 2.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty in the fourth quarter worth $31,000. Wiser Advisor Group LLC bought a new position in shares of Rexford Industrial Realty during the third quarter valued at about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $34,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rexford Industrial Realty in the first quarter worth about $33,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Rexford Industrial Realty in the fourth quarter worth about $45,000. Institutional investors own 99.52% of the company’s stock.

About Rexford Industrial Realty

(Get Free Report)

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.

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