Rexford Industrial Realty (NYSE:REXR) Earns Hold (C) Rating from Weiss Ratings

Rexford Industrial Realty (NYSE:REXR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts also recently commented on REXR. Wall Street Zen raised Rexford Industrial Realty from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Evercore ISI upped their price objective on Rexford Industrial Realty from $39.00 to $40.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Barclays upped their price objective on Rexford Industrial Realty from $35.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, September 15th. Mizuho upped their price objective on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Finally, Cantor Fitzgerald started coverage on Rexford Industrial Realty in a research note on Wednesday, October 1st. They set an "overweight" rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and an average target price of $41.83.

Rexford Industrial Realty Stock Down 0.2%

Rexford Industrial Realty stock opened at $41.49 on Wednesday. Rexford Industrial Realty has a fifty-two week low of $29.68 and a fifty-two week high of $49.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 5.59. The company has a market capitalization of $9.82 billion, a P/E ratio of 30.73, a PEG ratio of 4.62 and a beta of 1.13. The stock has a 50-day simple moving average of $40.43 and a 200-day simple moving average of $37.28.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The business had revenue of $241.57 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period in the previous year, the business earned $0.60 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. Equities research analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Insider Activity

In other news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $36.87, for a total transaction of $975,174.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of large investors have recently modified their holdings of REXR. GAMMA Investing LLC raised its stake in shares of Rexford Industrial Realty by 12,084.7% during the 1st quarter. GAMMA Investing LLC now owns 56,415 shares of the real estate investment trust's stock worth $2,209,000 after buying an additional 55,952 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Rexford Industrial Realty by 188.0% in the 1st quarter. UMB Bank n.a. now owns 2,877 shares of the real estate investment trust's stock worth $113,000 after acquiring an additional 1,878 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Rexford Industrial Realty by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 9,255 shares of the real estate investment trust's stock worth $362,000 after acquiring an additional 811 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of Rexford Industrial Realty in the 1st quarter worth approximately $203,000. Finally, Fifth Third Bancorp grew its holdings in shares of Rexford Industrial Realty by 335.6% in the 1st quarter. Fifth Third Bancorp now owns 3,219 shares of the real estate investment trust's stock worth $126,000 after acquiring an additional 2,480 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.

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