Rexford Industrial Realty (NYSE:REXR) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

Rexford Industrial Realty (NYSE:REXR) had its price target cut by research analysts at JPMorgan Chase & Co. from $42.00 to $39.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.26% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Mizuho raised their price target on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Citigroup dropped their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company lifted their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. BNP Paribas Exane downgraded shares of Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Finally, Evercore reduced their target price on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus price target of $42.31.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR traded down $0.52 during midday trading on Wednesday, reaching $37.05. 374,843 shares of the company’s stock were exchanged, compared to its average volume of 2,548,947. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. The company’s 50 day simple moving average is $39.72 and its two-hundred day simple moving average is $40.57. Rexford Industrial Realty has a 12 month low of $29.68 and a 12 month high of $44.38. The firm has a market capitalization of $8.59 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $248.10 million during the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities research analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Insider Activity at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 18,750 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the transaction, the chief executive officer directly owned 583,538 shares of the company’s stock, valued at $23,376,532.28. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 57,118 shares of company stock valued at $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty during the 4th quarter valued at $31,000. Vision Financial Markets LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty in the 4th quarter worth about $34,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Finally, Allworth Financial LP boosted its stake in Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 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 (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.