Rexford Industrial Realty (NYSE:REXR) Issues Quarterly Earnings Results

Key Points

• Rexford Industrial Realty reported earnings of $0.60 per share for the quarter, exceeding expectations of $0.59, and updated its FY 2025 EPS guidance to between $2.390 and $2.410.
• Following the earnings release, Rexford's stock rose 3.0%, closing at $42.15, with a market cap of $9.98 billion.
• Analysts currently rate Rexford Industrial Realty with an average of "Hold" and a consensus price target of $42.00, reflecting mixed market sentiment.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01, Zacks reports. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%. Rexford Industrial Realty updated its FY 2025 guidance to 2.390-2.410 EPS.

Rexford Industrial Realty Stock Up 3.0%

Rexford Industrial Realty stock traded up $1.21 during mid-day trading on Wednesday, reaching $42.15. 4,174,274 shares of the company's stock were exchanged, compared to its average volume of 2,596,637. The company has a market cap of $9.98 billion, a P/E ratio of 31.22, a P/E/G ratio of 4.50 and a beta of 1.13. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $49.60. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $40.76 and a 200-day moving average of $37.28.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on REXR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Evercore ISI raised 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. Truist Financial lifted their target price on shares of Rexford Industrial Realty from $42.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday. Barclays boosted their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, September 15th. Finally, Industrial Alliance Securities set a $40.00 target price on shares of Rexford Industrial Realty in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $42.00.

Insider Transactions at Rexford Industrial Realty

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

Institutional Trading of Rexford Industrial Realty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings in Rexford Industrial Realty by 1.0% in the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust's stock worth $1,261,000 after buying an additional 362 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Rexford Industrial Realty by 1.2% in the second quarter. Daiwa Securities Group Inc. now owns 92,487 shares of the real estate investment trust's stock worth $3,290,000 after buying an additional 1,056 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Rexford Industrial Realty by 131.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust's stock worth $116,000 after buying an additional 1,848 shares during the last quarter. Hilton Capital Management LLC increased its holdings in Rexford Industrial Realty by 10.9% in the second quarter. Hilton Capital Management LLC now owns 28,765 shares of the real estate investment trust's stock worth $1,023,000 after buying an additional 2,834 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new position in Rexford Industrial Realty in the second quarter worth approximately $206,000. Institutional investors own 99.52% of the company's stock.

About Rexford Industrial Realty

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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