Rexford Industrial Realty (NYSE:REXR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Rexford Industrial Realty (NYSE:REXR) from a hold rating to a sell rating in a research note issued to investors on Monday.

Other research analysts have also recently issued reports about the stock. Scotiabank raised shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the company from $38.00 to $36.00 in a research report on Thursday, June 18th. Raymond James Financial began coverage on shares of Rexford Industrial Realty in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. Mizuho cut their target price on shares of 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. Truist Financial reduced their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Wells Fargo & Company decreased their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.38.

Rexford Industrial Realty Price Performance

REXR stock opened at $36.98 on Monday. The company has a market cap of $8.35 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $34.77 and a two-hundred day moving average price of $36.16. Rexford Industrial Realty has a 12-month low of $32.14 and a 12-month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 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 company had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.78 million. During the same period last year, the business posted $0.62 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, research analysts predict that Rexford Industrial Realty will post 2.4 EPS for the current year.

Insider Activity

In other news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the transaction, the general counsel directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Rexford Industrial Realty by 24.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock worth $12,529,000 after buying an additional 63,313 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Rexford Industrial Realty by 17.7% in the fourth quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust’s stock valued at $15,017,000 after acquiring an additional 58,270 shares in the last quarter. Oak Thistle LLC bought a new position in Rexford Industrial Realty during the 4th quarter valued at $2,347,000. Principal Financial Group Inc. boosted its stake in Rexford Industrial Realty by 19.5% during the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after acquiring an additional 1,881,905 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Rexford Industrial Realty by 7.8% during the 4th quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock worth $36,207,000 after acquiring an additional 67,276 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

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.