Rexford Industrial Realty (NYSE:REXR) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Key Points

• Rexford Industrial Realty has been upgraded to a "strong-buy" rating by Cantor Fitzgerald, indicating increased confidence in the stock.
• The company's stock has seen a price target increase from various analysts, with Evercore ISI raising it to $40.00 and Barclays to $39.00.
• Rexford Industrial Realty reported a quarterly EPS of $0.59, slightly above analyst expectations, with a year-over-year revenue increase of 5.0%.

Investment analysts at Cantor Fitzgerald initiated coverage on shares of Rexford Industrial Realty (NYSE:REXR - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $50.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price target suggests a potential upside of 19.46% from the stock's previous close.

Several other equities research analysts also recently commented on the stock. Scotiabank upped their target price 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. Wall Street Zen raised shares of Rexford Industrial Realty from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Industrial Alliance Securities set a $40.00 target price on shares of Rexford Industrial Realty in a research note on Monday, September 15th. Evercore ISI upped their target price on shares of 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. Finally, Mizuho upped their target price on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $41.83.

Rexford Industrial Realty Trading Up 1.8%

Shares of NYSE REXR opened at $41.86 on Wednesday. Rexford Industrial Realty has a 1-year low of $29.68 and a 1-year high of $49.60. The company has a market cap of $9.91 billion, a PE ratio of 31.00, a P/E/G ratio of 4.56 and a beta of 1.13. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $40.01 and a two-hundred day moving average of $37.24.

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

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $36.87, for a total value of $975,174.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Rexford Industrial Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. raised its stake in Rexford Industrial Realty by 19,554.8% in the 2nd quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust's stock worth $82,622,000 after purchasing an additional 2,310,988 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Rexford Industrial Realty by 10.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 649,966 shares of the real estate investment trust's stock worth $23,119,000 after purchasing an additional 59,671 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Rexford Industrial Realty by 9.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 519,362 shares of the real estate investment trust's stock worth $18,477,000 after purchasing an additional 44,136 shares in the last quarter. 44 Wealth Management LLC acquired a new stake in Rexford Industrial Realty in the 2nd quarter worth about $422,000. Finally, Tower Research Capital LLC TRC raised its stake in Rexford Industrial Realty by 53.3% in 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 in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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.