Rexford Industrial Realty (NYSE:REXR) Price Target Cut to $39.00 by Analysts at Scotiabank

Rexford Industrial Realty (NYSE:REXR) had its price target lowered by analysts at Scotiabank from $44.00 to $39.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 4.10% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Evercore cut their price target on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. iA Financial set a $45.00 price objective on shares of Rexford Industrial Realty in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.92.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock traded down $0.01 during trading on Monday, reaching $37.47. The company’s stock had a trading volume of 566,013 shares, compared to its average volume of 2,600,449. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $39.13 and its 200-day moving average price is $40.60. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38. The firm has a market cap of $8.69 billion, a PE ratio of 44.07, a P/E/G ratio of 2.71 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The business had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts forecast that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the completion of the transaction, the chief executive officer owned 583,538 shares of the company’s stock, valued at $23,376,532.28. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Fitzmaurice purchased 2,650 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the completion of the purchase, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at approximately $530,694.15. This represents a 23.08% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 12,960 shares of company stock worth $486,804 and have sold 57,118 shares worth $2,345,706. Insiders own 1.20% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in the stock. Knights of Columbus Asset Advisors LLC bought a new stake in Rexford Industrial Realty during the third quarter valued at $1,879,000. Cibc World Market Inc. bought a new position in shares of Rexford Industrial Realty in the 3rd quarter worth about $41,111,000. Whittier Trust Co. lifted its stake in shares of Rexford Industrial Realty by 30.6% in the 3rd quarter. Whittier Trust Co. now owns 383,961 shares of the real estate investment trust’s stock valued at $16,000,000 after purchasing an additional 89,903 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Rexford Industrial Realty by 10.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 649,966 shares of the real estate investment trust’s stock valued at $23,119,000 after purchasing an additional 59,671 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Rexford Industrial Realty by 39.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 171,477 shares of the real estate investment trust’s stock valued at $7,145,000 after purchasing an additional 48,187 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.