Rexford Industrial Realty (NYSE:REXR) Price Target Lowered to $40.00 at Truist Financial

Rexford Industrial Realty (NYSE:REXR) had its price target lowered by stock analysts at Truist Financial from $44.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective suggests a potential upside of 7.60% from the company’s current price.

A number of other brokerages have also recently issued reports on REXR. UBS Group set a $44.00 price target on shares of Rexford Industrial Realty in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Citigroup dropped their price target on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday. Zacks Research lowered Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Finally, Evercore reduced their price target on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Three research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.15.

Rexford Industrial Realty Stock Down 1.1%

Rexford Industrial Realty stock traded down $0.40 during trading hours on Wednesday, hitting $37.17. 181,895 shares of the stock traded hands, compared to its average volume of 2,543,082. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $44.38. The firm’s 50-day moving average price is $39.72 and its two-hundred day moving average price is $40.57. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. The company has a market cap of $8.62 billion, a PE ratio of 43.73, a PEG ratio of 2.39 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The company had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, research analysts forecast that Rexford Industrial Realty will post 2.38 EPS for the current year.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total value of $845,431.98. Following the transaction, the chief executive officer directly owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 57,118 shares of company stock worth $2,345,706. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Rexford Industrial Realty by 3.5% during the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares during the period. AQR Capital Management LLC boosted its stake in shares of Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after acquiring an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after acquiring an additional 526,877 shares during the period. CWM LLC increased its stake in shares of Rexford Industrial Realty by 637.5% in the 2nd quarter. CWM LLC now owns 31,129 shares of the real estate investment trust’s stock worth $1,107,000 after purchasing an additional 26,908 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Rexford Industrial Realty by 3.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 423 shares during the period. Institutional investors own 99.52% of the company’s stock.

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.