Rexford Industrial Realty (NYSE:REXR) Upgraded to Outperform at Evercore

Key Points

• Evercore upgraded Rexford Industrial Realty from "in-line" to "outperform" and set a $40 price target, implying about a 17.8% upside from the stock's prior close.
• Analyst coverage is mixed—four Buys, seven Holds and two Sells—giving an average MarketBeat rating of "Hold" and an average target price of $41.92.
• Rexford reported Q results with EPS $0.59 (vs. $0.58 est.) and set FY2026 guidance of 2.350–2.400 EPS; insiders recently transacted (CEO sold ~23,132 shares while the COO purchased 5,310 shares).

Rexford Industrial Realty (NYSE:REXR - Get Free Report) was upgraded by equities research analysts at Evercore from an "in-line" rating to an "outperform" rating in a report issued on Monday,Finviz reports. The brokerage currently has a $40.00 price objective on the real estate investment trust's stock. Evercore's target price would suggest a potential upside of 17.78% from the stock's previous close.

Several other research analysts have also recently weighed in on REXR. Truist Financial decreased their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Zacks Research cut shares of Rexford Industrial Realty from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $41.92.

Rexford Industrial Realty Trading Up 0.0%

NYSE:REXR opened at $33.96 on Monday. The company has a market cap of $7.63 billion, a P/E ratio of 39.96, a P/E/G ratio of 2.46 and a beta of 1.26. Rexford Industrial Realty has a 1 year low of $30.83 and a 1 year high of $44.38. The stock's fifty day moving average price is $35.92 and its two-hundred day moving average price is $39.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $243.43 million for the quarter, compared to analysts' expectations of $249.05 million. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, analysts expect that Rexford Industrial Realty will post 2.38 EPS for the current year.

Insider Transactions at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 23,132 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the transaction, the chief executive officer owned 560,406 shares of the company's stock, valued at $19,776,727.74. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Laura E. Clark bought 5,310 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average cost of $37.73 per share, for a total transaction of $200,346.30. Following the purchase, the chief operating officer owned 5,310 shares of the company's stock, valued at $200,346.30. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 12,960 shares of company stock worth $486,804 in the last three months. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $31,000. Vision Financial Markets LLC bought a new position in shares of Rexford Industrial Realty during the third quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $34,000. Wiser Advisor Group LLC bought a new position in shares of Rexford Industrial Realty during the third quarter valued at about $34,000. Finally, Allworth Financial LP grew its stake in shares of Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 574 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc NYSE: REXR is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company's portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford's strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.

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