Rexford Industrial Realty (NYSE:REXR) Price Target Raised to $38.00

Rexford Industrial Realty (NYSE:REXR) had its price target raised by stock analysts at Scotiabank from $36.00 to $38.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 4.96% from the stock’s current price.

A number of other research analysts also recently commented on REXR. Mizuho dropped their price target on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Weiss Ratings cut shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Truist Financial cut their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company lowered their price objective 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 investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.71.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR traded up $0.01 during midday trading on Wednesday, reaching $36.20. The company’s stock had a trading volume of 263,722 shares, compared to its average volume of 2,588,781. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $8.07 billion, a P/E ratio of -20.00, a P/E/G ratio of 1.51 and a beta of 1.19. The business’s 50 day moving average price is $35.37 and its two-hundred day moving average price is $35.88. Rexford Industrial Realty has a fifty-two week low of $32.14 and a fifty-two week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, analysts forecast that Rexford Industrial Realty will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of REXR. Cassaday & Co Wealth Management LLC bought a new stake in Rexford Industrial Realty during the 1st quarter worth $33,000. Allworth Financial LP acquired a new stake in shares of Rexford Industrial Realty during the second quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at about $34,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth about $34,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Rexford Industrial Realty by 724.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 978 shares during the last quarter. 99.52% of the stock is currently 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.