Cantor Fitzgerald Initiates Coverage on Rexford Industrial Realty (NYSE:REXR)

Cantor Fitzgerald assumed coverage on shares of Rexford Industrial Realty (NYSE:REXR) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $50.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 20.97% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Evercore ISI upped their price target on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Industrial Alliance Securities set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Monday, September 15th. Wall Street Zen upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Mizuho upped their price target on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, Scotiabank upped their price target on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 4th. Three 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, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $41.83.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $41.33 on Wednesday. The firm has a fifty day moving average of $40.09 and a 200-day moving average of $37.24. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 4.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 5.59. Rexford Industrial Realty has a 1 year low of $29.68 and a 1 year high of $49.60.

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

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $36.87, for a total value of $975,174.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Rexford Industrial Realty by 403.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 553 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Rexford Industrial Realty by 118.4% in the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Private Trust Co. NA lifted its holdings in Rexford Industrial Realty by 95.6% in the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 370 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Rexford Industrial Realty by 280.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Rexford Industrial Realty by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 978 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

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.