Scotiabank Cuts Rexford Industrial Realty (NYSE:REXR) Price Target to $39.00

Rexford Industrial Realty (NYSE:REXR) had its target price dropped by stock analysts at Scotiabank from $44.00 to $39.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 4.10% from the stock’s current price.

Several other brokerages also recently commented on REXR. Citigroup reduced their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Cantor Fitzgerald reduced their price objective on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. UBS Group set a $44.00 price objective on Rexford Industrial Realty in a report on Monday, November 10th. Mizuho increased their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Zacks Research downgraded shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.92.

Rexford Industrial Realty Stock Down 0.0%

Shares of Rexford Industrial Realty stock traded down $0.01 during trading on Monday, reaching $37.47. 566,013 shares of the company traded hands, compared to its average volume of 2,600,449. 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 has a 1-year low of $29.68 and a 1-year high of $44.38. The company has a 50 day moving average price of $39.13 and a 200-day moving average price of $40.60. The firm has a market capitalization of $8.69 billion, a PE ratio of 44.07, a P/E/G ratio of 2.71 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 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The business had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $249.05 million. During the same period last year, the company posted $0.58 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities research analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David P. Stockert purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the completion of the acquisition, the director owned 6,829 shares in the company, valued at $255,336.31. This trade represents a 273.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Laura E. Clark acquired 5,310 shares of Rexford Industrial Realty stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $37.73 per share, with a total value of $200,346.30. Following the completion of the transaction, the chief operating officer directly owned 5,310 shares in the company, valued at $200,346.30. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 12,960 shares of company stock valued at $486,804 and sold 57,118 shares valued at $2,345,706. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in Rexford Industrial Realty during the fourth quarter worth about $31,000. Vision Financial Markets LLC bought a new stake in Rexford Industrial Realty in the 3rd quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Rexford Industrial Realty during the fourth quarter valued at about $34,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the third quarter worth about $34,000. Finally, Allworth Financial LP increased its stake in shares of Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 574 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

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.