Rexford Industrial Realty (NYSE:REXR – Get Free Report) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $36.00 price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.57% from the company’s previous close.
REXR has been the topic of a number of other reports. Robert W. Baird set a $40.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Saturday. Truist Financial reduced their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Mizuho reduced their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.77.
Check Out Our Latest Stock Report on Rexford Industrial Realty
Rexford Industrial Realty Stock Performance
Rexford Industrial Realty (NYSE:REXR – Get Free Report) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, equities analysts predict that Rexford Industrial Realty will post 2.41 EPS for the current year.
Insiders Place Their Bets
In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Rexford Industrial Realty
Several institutional investors have recently bought and sold shares of REXR. Soroban Capital Partners LP lifted its stake in shares of Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after buying an additional 3,344,677 shares during the period. Royal London Asset Management Ltd. acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth $91,671,000. Norges Bank acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth $73,777,000. Principal Financial Group Inc. lifted its stake in shares of Rexford Industrial Realty by 19.5% during the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares during the period. Finally, Barclays PLC lifted its stake in shares of Rexford Industrial Realty by 175.0% during the third quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock worth $82,011,000 after buying an additional 1,269,603 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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