Rexford Industrial Realty's (REXR) Neutral Rating Reiterated at BNP Paribas Exane

Key Points

• BNP Paribas Exane reiterated a "neutral" rating for Rexford Industrial Realty (REXR), setting a target price of $47.00, indicating a potential upside of 6.19% from the current price.
• The company reported an EPS of $0.60 for the last quarter, slightly beating analyst expectations and showing a 4.7% year-over-year revenue growth.
• Rexford Industrial Realty has received mixed ratings from analysts, with three "Buy" ratings, nine "Hold" ratings, and one "Sell" rating, reflecting a consensus rating of "Hold."

Rexford Industrial Realty (NYSE:REXR - Get Free Report)'s stock had its "neutral" rating restated by BNP Paribas Exane in a note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $47.00 target price on the real estate investment trust's stock. BNP Paribas Exane's price target would indicate a potential upside of 6.19% from the company's current price.

Several other brokerages have also recently commented on REXR. Cantor Fitzgerald initiated coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They issued an "overweight" rating and a $50.00 target price for the company. Mizuho increased their price target on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Barclays raised their price target on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, September 15th. Wolfe Research lowered Rexford Industrial Realty from an "outperform" rating to a "peer perform" rating in a research note on Monday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.83.

Rexford Industrial Realty Stock Up 1.1%

REXR opened at $44.26 on Tuesday. The company has a current ratio of 2.95, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 4.84 and a beta of 1.13. The business has a 50 day moving average of $41.28 and a 200-day moving average of $37.44. Rexford Industrial Realty has a 1-year low of $29.68 and a 1-year high of $45.41.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business had revenue of $246.76 million during the quarter, compared to analyst estimates of $253.46 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, sell-side analysts anticipate that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Institutional Trading of Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in Rexford Industrial Realty by 62.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,261 shares of the real estate investment trust's stock valued at $890,000 after buying an additional 8,202 shares during the last quarter. Inspire Investing LLC bought a new position in Rexford Industrial Realty in the third quarter valued at about $304,000. Friedenthal Financial acquired a new stake in Rexford Industrial Realty in the third quarter worth about $1,016,000. True North Advisors LLC bought a new stake in Rexford Industrial Realty during the 3rd quarter worth about $214,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 174.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 780 shares during 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.

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