Rexford Industrial Realty (NYSE:REXR) Stock Rating Upgraded by Mizuho

Rexford Industrial Realty (NYSE:REXR) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a report released on Tuesday, MarketBeat reports. The brokerage presently has a $41.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $38.00. Mizuho’s price objective suggests a potential upside of 9.29% from the company’s previous close.

REXR has been the topic of a number of other research reports. Raymond James Financial raised shares of Rexford Industrial Realty from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 15th. Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Evercore restated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Cantor Fitzgerald restated an “overweight” rating on shares of Rexford Industrial Realty in a research note on Wednesday, September 30th. Finally, Jefferies Financial Group cut Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus target price of $41.13.

Rexford Industrial Realty Trading Down 0.9%

Rexford Industrial Realty stock opened at $37.51 on Tuesday. Rexford Industrial Realty has a 1 year low of $32.14 and a 1 year high of $44.38. The firm’s 50-day moving average is $37.22 and its 200-day moving average is $35.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $8.37 billion, a P/E ratio of -20.73 and a beta of 1.18.

Rexford Industrial Realty (NYSE:REXR) last announced 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 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%. Rexford Industrial Realty’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts expect that Rexford Industrial Realty will post 2.40 earnings per share for the current year.

Institutional Investors Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its holdings in shares of Rexford Industrial Realty by 125.8% during the third quarter. Elevation Wealth Partners LLC now owns 700 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 390 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at $33,000. Cassaday & Co Wealth Management LLC purchased a new position in Rexford Industrial Realty in the 1st quarter worth about $33,000. Caitlin John LLC purchased a new position in Rexford Industrial Realty in the 2nd quarter worth about $36,000. Finally, Global Retirement Partners LLC purchased a new stake in Rexford Industrial Realty during the second quarter valued at about $51,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.