Rexford Industrial Realty (NYSE:REXR) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Rexford Industrial Realty from “strong sell” to “sell,” while the broader analyst consensus remains “Hold” with a $41.00 target price.
• REXR opened at $38.41, with a market capitalization of $8.57 billion; shares remain within a 12-month range of $32.14 to $44.38.
• The company reported a quarterly EPS loss of $2.26, substantially below the $0.60 consensus estimate, although revenue of $243 million exceeded expectations. Institutional investors own 99.52% of the stock.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages have also recently weighed in on REXR. Citigroup reaffirmed a "neutral" rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Raymond James Financial upgraded shares of Rexford Industrial Realty from an "underperform" rating to a "market perform" rating in a report on Tuesday. Weiss Ratings raised shares of Rexford Industrial Realty from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, August 3rd. Finally, Evercore reaffirmed an "outperform" rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Rexford Industrial Realty has an average rating of "Hold" and a consensus target price of $41.00.

Rexford Industrial Realty Stock Down 0.0%

Rexford Industrial Realty stock opened at $38.41 on Friday. The firm has a market capitalization of $8.57 billion, a P/E ratio of -21.22 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 has a twelve month low of $32.14 and a twelve month high of $44.38. The stock's fifty day simple moving average is $37.21 and its 200-day simple moving average is $35.66.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million during the quarter, compared to analysts' expectations of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, equities analysts expect that Rexford Industrial Realty will post 2.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rexford Industrial Realty

Several hedge funds have recently made changes to their positions in REXR. BlackRock Inc. acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth $1,293,168,000. Legal & General Group Plc acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at about $86,861,000. Bank of America Corp DE acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at about $79,547,000. Norges Bank purchased a new stake in Rexford Industrial Realty during the fourth quarter worth about $73,777,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rexford Industrial Realty by 41,558.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,654,665 shares of the real estate investment trust's stock worth $55,431,000 after buying an additional 1,650,693 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

About Rexford Industrial Realty

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.

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