Rexford Industrial Realty (NYSE:REXR) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Rexford Industrial Realty (NYSE:REXR) from a strong sell rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Several other research analysts have also commented on REXR. Scotiabank lifted their price target on Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 31st. Cantor Fitzgerald restated an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Barclays lowered their price objective 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. Jefferies Financial Group cut Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Thursday, August 6th. Finally, Citigroup reissued a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.00.

Rexford Industrial Realty Price Performance

REXR stock opened at $38.41 on Friday. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $37.21 and a two-hundred day simple moving average of $35.66. The firm has a market capitalization of $8.57 billion, a P/E ratio of -21.22 and a beta of 1.18.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is presently -96.13%.

Institutional Trading of Rexford Industrial Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its position in Rexford Industrial Realty by 56.2% during the second quarter. Sequoia Financial Advisors LLC now owns 10,325 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 3,713 shares in the last quarter. Squarepoint Ops LLC lifted its position in Rexford Industrial Realty by 11.1% during the second quarter. Squarepoint Ops LLC now owns 14,722 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 1,473 shares during the last quarter. Nykredit A S purchased a new stake in Rexford Industrial Realty during the second quarter valued at approximately $236,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Rexford Industrial Realty in the second quarter valued at approximately $645,000. Finally, NEOS Investment Management LLC boosted its stake in Rexford Industrial Realty by 13.2% in the second quarter. NEOS Investment Management LLC now owns 48,127 shares of the real estate investment trust’s stock valued at $1,612,000 after acquiring an additional 5,596 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.