Scotiabank Issues Pessimistic Forecast for Rexford Industrial Realty (NYSE:REXR) Stock Price

Rexford Industrial Realty (NYSE:REXR) had its price target reduced by equities research analysts at Scotiabank from $44.00 to $39.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 5.04% from the company’s current price.

A number of other research firms have also recently commented on REXR. Truist Financial reduced their price objective on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Evercore cut their target price on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. UBS Group set a $44.00 price target on shares of Rexford Industrial Realty in a report on Monday, November 10th. Finally, Mizuho raised their price objective on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.92.

Rexford Industrial Realty Trading Down 1.4%

Rexford Industrial Realty stock opened at $37.13 on Monday. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. The stock has a market capitalization of $8.61 billion, a P/E ratio of 43.68, a PEG ratio of 2.73 and a beta of 1.24. The stock has a 50-day simple moving average of $39.02 and a 200 day simple moving average of $40.59.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The firm had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Analysts expect that Rexford Industrial Realty will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Michael Fitzmaurice bought 2,650 shares of Rexford Industrial Realty stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $37.55 per share, for a total transaction of $99,507.50. Following the purchase, the chief financial officer directly owned 14,133 shares in the company, valued at $530,694.15. The trade was a 23.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Laura E. Clark bought 5,310 shares of the stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $37.73 per share, with a total value of $200,346.30. Following the acquisition, the chief operating officer owned 5,310 shares of the company’s stock, valued at $200,346.30. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 12,960 shares of company stock worth $486,804. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds have recently made changes to their positions in REXR. V Square Quantitative Management LLC bought a new position in Rexford Industrial Realty during the fourth quarter valued at about $31,000. Vision Financial Markets LLC purchased a new position in Rexford Industrial Realty in the third quarter valued at about $33,000. Wiser Advisor Group LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Rexford Industrial Realty during the 4th quarter worth approximately $34,000. Finally, Allworth Financial LP increased its stake in shares of Rexford Industrial Realty by 140.3% during the 3rd 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 during the last quarter. 99.52% of the stock is currently owned by 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.