Wall Street Zen Downgrades Rexford Industrial Realty (NYSE:REXR) to Strong Sell

Rexford Industrial Realty (NYSE:REXR) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on the company. Truist Financial lowered their price objective on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Scotiabank lowered their price objective on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Cantor Fitzgerald lowered their price objective on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their price objective on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $41.92.

Rexford Industrial Realty Trading Down 0.0%

Shares of NYSE:REXR opened at $36.99 on Friday. Rexford Industrial Realty has a 12-month low of $31.08 and a 12-month high of $44.38. The business’s fifty day simple moving average is $35.49 and its 200-day simple moving average is $38.95. The company has a market capitalization of $8.31 billion, a PE ratio of 43.52, a P/E/G ratio of 2.68 and a beta of 1.26. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (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 business had revenue of $243.43 million for the quarter, compared to the consensus estimate of $249.05 million. During the same period last year, the business posted $0.58 EPS. The business’s revenue 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. As a group, equities research analysts predict that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at Rexford Industrial Realty

In other news, Director David P. Stockert purchased 5,000 shares of the stock in a transaction on Friday, February 27th. The stock was bought at an average price of $37.39 per share, with a total value of $186,950.00. Following the transaction, the director owned 6,829 shares in the company, valued at $255,336.31. The trade was a 273.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Laura E. Clark purchased 5,310 shares of the stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $37.73 per share, with a total value of $200,346.30. Following the transaction, the chief operating officer owned 5,310 shares in the company, valued at $200,346.30. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 12,960 shares of company stock worth $486,804. 1.20% of the stock is owned by insiders.

Institutional Trading of Rexford Industrial Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REXR. Royal Bank of Canada lifted its position 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 worth $9,849,000 after acquiring an additional 8,506 shares during the period. AQR Capital Management LLC lifted its position in 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 period. Goldman Sachs Group Inc. lifted its position 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 worth $70,931,000 after acquiring an additional 526,877 shares during the period. Cetera Investment Advisers lifted its position in Rexford Industrial Realty by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 5,854 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Rexford Industrial Realty by 131.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,848 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.