Rexford Industrial Realty (NYSE:REXR) Rating Lowered to Sell at Wall Street Zen

Rexford Industrial Realty (NYSE:REXR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

REXR has been the topic of several other research reports. Weiss Ratings raised Rexford Industrial Realty from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Barclays decreased their price target on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wells Fargo & Company dropped their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $38.00 to $36.00 in a report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus target price of $40.38.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $37.16 on Monday. The firm has a market capitalization of $8.39 billion, a PE ratio of 39.96, a P/E/G ratio of 1.54 and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $34.81 and a 200 day moving average price of $36.15. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly 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 company had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.78 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. Rexford Industrial Realty’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Insider Activity

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the transaction, the general counsel owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in shares of Rexford Industrial Realty by 143.7% during the second quarter. Versant Capital Management Inc now owns 1,986 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,171 shares during the last quarter. CX Institutional increased its stake in Rexford Industrial Realty by 172.4% in the 2nd quarter. CX Institutional now owns 1,768 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 1,119 shares in the last quarter. Parallel Advisors LLC raised its holdings in Rexford Industrial Realty by 8.0% during the 1st quarter. Parallel Advisors LLC now owns 6,883 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 509 shares during the period. NewEdge Advisors LLC raised its holdings in Rexford Industrial Realty by 182.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,989 shares of the real estate investment trust’s stock worth $785,000 after buying an additional 15,489 shares during the period. Finally, Amundi lifted its stake in Rexford Industrial Realty by 18.3% during the first quarter. Amundi now owns 160,791 shares of the real estate investment trust’s stock valued at $5,263,000 after buying an additional 24,873 shares in the last quarter. 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.