Rexford Industrial Realty, Inc. (NYSE:REXR) Receives $43.08 Average Target Price from Analysts

Rexford Industrial Realty, Inc. (NYSE:REXR) has been given an average recommendation of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.0833.

REXR has been the subject of a number of research reports. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. UBS Group set a $44.00 target price on shares of Rexford Industrial Realty in a research report on Monday, November 10th. Mizuho lifted their price target on Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Finally, Evercore ISI cut their target price on shares of 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.

Insider Buying and Selling

In related news, CEO Michael S. Frankel sold 18,750 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the completion of the transaction, the chief executive officer directly owned 583,538 shares of the company’s stock, valued at approximately $23,376,532.28. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 57,118 shares of company stock valued at $2,345,706. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

Several institutional investors have recently added to or reduced their stakes in REXR. Royal Bank of Canada lifted its stake in 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 acquiring an additional 8,506 shares during the period. AQR Capital Management LLC boosted its stake in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after buying an additional 89,390 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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. Voya Investment Management LLC increased its holdings in Rexford Industrial Realty by 2.7% during the 1st quarter. Voya Investment Management LLC now owns 27,489 shares of the real estate investment trust’s stock worth $1,076,000 after purchasing an additional 718 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at $267,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 0.1%

REXR stock opened at $40.99 on Friday. The company has a market capitalization of $9.54 billion, a P/E ratio of 28.87, a PEG ratio of 2.58 and a beta of 1.22. The firm has a 50 day simple moving average of $40.56 and a 200-day simple moving average of $40.26. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $44.38.

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.