Scotiabank Forecasts Strong Price Appreciation for Rexford Industrial Realty (NYSE:REXR) Stock

Rexford Industrial Realty (NYSE:REXR) had its price objective increased by investment analysts at Scotiabank from $36.00 to $38.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 4.96% from the company’s current price.

REXR has been the subject of a number of other reports. Evercore restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Jefferies Financial Group downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Thursday, August 6th. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Barclays decreased their price objective on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.71.

Rexford Industrial Realty Trading Up 0.0%

Shares of NYSE:REXR traded up $0.01 during mid-day trading on Wednesday, reaching $36.20. 263,722 shares of the company’s stock were exchanged, compared to its average volume of 2,588,781. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -20.00, a PEG ratio of 1.51 and a beta of 1.19. The business’s fifty day moving average price is $35.37 and its 200-day moving average price is $35.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. Rexford Industrial Realty has a twelve month low of $32.14 and a twelve month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, research analysts predict that Rexford Industrial Realty will post 2.41 EPS for the current fiscal year.

Institutional Trading of Rexford Industrial Realty

Several hedge funds have recently modified their holdings of the stock. Westpac Banking Corp acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at $2,520,000. William Blair Investment Management LLC acquired a new stake in Rexford Industrial Realty in the second quarter worth $18,657,000. Paralel Advisors LLC acquired a new stake in Rexford Industrial Realty in the second quarter worth $1,340,000. Allworth Financial LP bought a new stake in Rexford Industrial Realty in the second quarter valued at $33,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in Rexford Industrial Realty in the second quarter valued at $1,826,000. Institutional investors 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.