Rexford Industrial Realty (NYSE:REXR) Raised to Sell at Wall Street Zen

Rexford Industrial Realty (NYSE:REXR) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Weiss Ratings raised Rexford Industrial Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 14th. Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Raymond James Financial raised Rexford Industrial Realty from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 15th. Wells Fargo & Company cut their price objective on shares of Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Finally, Barclays cut their price objective on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $41.00.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $38.41 on Friday. The firm’s 50 day moving average is $37.21 and its two-hundred day moving average is $35.65. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The firm has a market capitalization of $8.57 billion, a P/E ratio of -21.22 and a beta of 1.18. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results 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 business had revenue of $243.00 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts anticipate that Rexford Industrial Realty will post 2.4 earnings per share for the current year.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REXR. Sequoia Financial Advisors LLC increased its position in shares of Rexford Industrial Realty by 56.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,325 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 3,713 shares during the period. Squarepoint Ops LLC raised its stake in shares of Rexford Industrial Realty by 11.1% in the 2nd quarter. Squarepoint Ops LLC now owns 14,722 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 1,473 shares in the last quarter. Nykredit A S acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at $236,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at $645,000. Finally, NEOS Investment Management LLC boosted its stake in Rexford Industrial Realty by 13.2% during the second quarter. NEOS Investment Management LLC now owns 48,127 shares of the real estate investment trust’s stock valued at $1,612,000 after buying an additional 5,596 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.