Rexford Industrial Realty (NYSE:REXR) Stock Lifted to "Outperform" by Mizuho

Key Points

• Mizuho upgraded Rexford Industrial Realty to “outperform” from “neutral” and raised its price target to $41 from $38, implying 9.39% upside from the prior close.
• Analyst sentiment remains mixed: seven analysts rate the stock a Buy, six a Hold and three a Sell, resulting in a consensus “Hold” rating and an average price target of $41.13.
• Rexford shares opened at $37.48 and were trading up 2%; the company reported a quarterly EPS loss of $2.26, missing estimates, while revenue of $243 million slightly exceeded expectations.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) was upgraded by analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a $41.00 price objective on the real estate investment trust's stock, up from their prior price objective of $38.00. Mizuho's price target would indicate a potential upside of 9.39% from the company's previous close.

A number of other research analysts have also commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Wells Fargo & Company decreased their target price on Rexford Industrial Realty from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 1st. Wall Street Zen raised Rexford Industrial Realty from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Barclays lowered their price target on Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a research note on Thursday, July 16th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Rexford Industrial Realty in a report on Wednesday, September 30th. Seven research 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.13.

Rexford Industrial Realty Trading Up 2.0%

Shares of Rexford Industrial Realty stock opened at $37.48 on Tuesday. Rexford Industrial Realty has a 1 year low of $32.14 and a 1 year high of $44.38. The company's fifty day simple moving average is $37.19 and its 200-day simple moving average is $35.86. The company has a market cap of $8.36 billion, a price-to-earnings ratio of -20.71 and a beta of 1.18. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty's revenue for the quarter was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, sell-side analysts expect that Rexford Industrial Realty will post 2.40 EPS for the current year.

Institutional Investors Weigh In On Rexford Industrial Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Elevation Wealth Partners LLC boosted its holdings in shares of Rexford Industrial Realty by 125.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 700 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Allworth Financial LP bought a new stake in Rexford Industrial Realty during the 2nd quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in Rexford Industrial Realty during the 1st quarter valued at $33,000. Caitlin John LLC acquired a new stake in Rexford Industrial Realty during the 2nd quarter valued at $36,000. Finally, Global Retirement Partners LLC acquired a new stake in Rexford Industrial Realty during the 2nd quarter valued at $51,000. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford's portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.

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