Evercore ISI Increases Rexford Industrial Realty (NYSE:REXR) Price Target to $39.00

Rexford Industrial Realty (NYSE:REXR) had its target price hoisted by stock analysts at Evercore ISI from $38.00 to $39.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective indicates a potential downside of 8.84% from the stock’s current price.

A number of other research firms have also weighed in on REXR. Scotiabank upped their price objective on Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 4th. Wells Fargo & Company decreased their target price on Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Industrial Alliance Securities set a $44.00 target price on Rexford Industrial Realty in a research report on Tuesday, September 2nd. Truist Financial boosted their target price on Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Mizuho boosted their target price on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.55.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $42.78 on Monday. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 4.77 and a beta of 1.13. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $38.29 and a 200-day moving average price of $37.00. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $52.37.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $241.57 million during the quarter, compared to analyst estimates of $251.72 million. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. As a group, equities research analysts predict that Rexford Industrial Realty will post 2.38 EPS for the current fiscal year.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $36.87, for a total transaction of $975,174.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. Mercer Global Advisors Inc. ADV purchased a new stake in Rexford Industrial Realty during the fourth quarter valued at approximately $706,000. Ameriprise Financial Inc. raised its position in Rexford Industrial Realty by 9.6% during the fourth quarter. Ameriprise Financial Inc. now owns 751,640 shares of the real estate investment trust’s stock valued at $29,062,000 after purchasing an additional 65,966 shares during the period. Cetera Investment Advisers raised its position in Rexford Industrial Realty by 43.9% during the fourth quarter. Cetera Investment Advisers now owns 11,723 shares of the real estate investment trust’s stock valued at $453,000 after purchasing an additional 3,575 shares during the period. Cresset Asset Management LLC bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $454,000. Finally, Janus Henderson Group PLC grew its stake in shares of Rexford Industrial Realty by 18.5% during the fourth quarter. Janus Henderson Group PLC now owns 143,784 shares of the real estate investment trust’s stock valued at $5,558,000 after buying an additional 22,428 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.