Rexford Industrial Realty (NYSE:REXR) Releases FY 2025 Earnings Guidance

Key Points

• Rexford Industrial Realty has updated its FY 2025 earnings guidance, projecting an EPS of 2.390-2.410 compared to the consensus estimate of 1.660.
• The company's stock rose 3.0% during trading, reaching $42.15, with a significant trading volume of over 4 million shares.
• Analysts have revised price targets for Rexford Industrial Realty, with the consensus rating remaining at "Hold" and an average price target of $42.00.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.390-2.410 for the period, compared to the consensus estimate of 1.660. The company issued revenue guidance of -.

Rexford Industrial Realty Trading Up 3.0%

Shares of NYSE:REXR traded up $1.21 during trading hours on Wednesday, hitting $42.15. 4,173,277 shares of the company's stock traded hands, compared to its average volume of 2,585,224. Rexford Industrial Realty has a 1 year low of $29.68 and a 1 year high of $49.60. The business has a fifty day moving average price of $40.76 and a 200-day moving average price of $37.28. The firm has a market capitalization of $9.98 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 4.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) 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 analyst estimates of $251.72 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Scotiabank lifted their price target on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a research report on Wednesday, October 8th. Mizuho upped their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Evercore ISI boosted their price objective on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of Rexford Industrial Realty from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $42.00.

Insider Buying and Selling

In other news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $36.87, for a total transaction of $975,174.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 131.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 1,848 shares in the last quarter. HUB Investment Partners LLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth about $206,000. 44 Wealth Management LLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth about $422,000. Cetera Investment Advisers raised its position in shares of Rexford Industrial Realty by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust's stock worth $603,000 after purchasing an additional 5,854 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Rexford Industrial Realty by 53.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,818 shares of the real estate investment trust's stock worth $847,000 after purchasing an additional 8,280 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

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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