Truist Financial Has Lowered Expectations for Rexford Industrial Realty (NYSE:REXR) Stock Price

Rexford Industrial Realty (NYSE:REXR) had its price target reduced by analysts at Truist Financial from $45.00 to $44.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 7.34% from the stock’s previous close.

Several other equities analysts have also recently issued reports on REXR. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. BNP Paribas Exane reiterated a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, October 21st. Robert W. Baird set a $41.00 price objective on Rexford Industrial Realty in a research report on Thursday, January 8th. BNP Paribas cut shares of Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.00.

Rexford Industrial Realty Trading Down 0.1%

Shares of Rexford Industrial Realty stock opened at $40.99 on Tuesday. The stock has a market cap of $9.54 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.22. The firm has a fifty day moving average price of $40.56 and a 200 day moving average price of $40.26. Rexford Industrial Realty has a 1 year low of $29.68 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 20,318 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the transaction, the chief executive officer directly owned 602,288 shares in the company, valued at approximately $25,061,203.68. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 57,118 shares of company stock worth $2,345,706 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of REXR. Allspring Global Investments Holdings LLC lifted its stake in Rexford Industrial Realty by 13.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,071 shares of the real estate investment trust’s stock valued at $939,000 after buying an additional 2,810 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Rexford Industrial Realty by 22.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,036 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 549 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Rexford Industrial Realty by 65.9% in the fourth quarter. SG Americas Securities LLC now owns 667,436 shares of the real estate investment trust’s stock valued at $25,843,000 after acquiring an additional 265,197 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Rexford Industrial Realty by 5.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,768 shares of the real estate investment trust’s stock valued at $2,553,000 after acquiring an additional 3,280 shares in the last quarter. Finally, Davis Selected Advisers boosted its stake in shares of Rexford Industrial Realty by 5.4% in the third quarter. Davis Selected Advisers now owns 395,150 shares of the real estate investment trust’s stock worth $16,245,000 after acquiring an additional 20,140 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.