Truist Financial Cuts Rexford Industrial Realty (NYSE:REXR) Price Target to $38.00

Rexford Industrial Realty (NYSE:REXR) had its price objective lowered by Truist Financial from $40.00 to $38.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 6.34% from the stock’s previous close.

REXR has been the topic of a number of other reports. JPMorgan Chase & Co. cut their price target on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Scotiabank decreased their price objective on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Citigroup dropped their price objective on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Evercore upgraded shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Monday, April 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.77.

Rexford Industrial Realty Stock Down 0.8%

Shares of NYSE:REXR traded down $0.30 during trading hours on Thursday, hitting $35.73. The company’s stock had a trading volume of 125,954 shares, compared to its average volume of 2,499,643. The firm’s fifty day moving average price is $34.89 and its 200 day moving average price is $38.04. Rexford Industrial Realty has a 52 week low of $32.14 and a 52 week high of $44.38. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 1.46 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. Rexford Industrial Realty’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, research analysts expect that Rexford Industrial Realty will post 2.39 EPS for the current year.

Insider Activity at Rexford Industrial Realty

In related news, Director David P. Stockert acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were acquired at an average cost of $37.39 per share, with a total value of $186,950.00. Following the completion of the acquisition, the director directly owned 6,829 shares in the company, valued at approximately $255,336.31. This trade represents a 273.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Frankel sold 23,132 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares in the company, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired a total of 12,960 shares of company stock valued at $486,804 in the last three months. Company insiders own 1.80% of the company’s stock.

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 the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Rexford Industrial Realty by 24.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock valued at $12,529,000 after acquiring an additional 63,313 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in Rexford Industrial Realty during the 3rd quarter worth about $1,879,000. Cibc World Market Inc. purchased a new stake in Rexford Industrial Realty during the 3rd quarter worth about $41,111,000. Whittier Trust Co. raised its position in Rexford Industrial Realty by 30.6% in the 3rd quarter. Whittier Trust Co. now owns 383,961 shares of the real estate investment trust’s stock valued at $16,000,000 after purchasing an additional 89,903 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Rexford Industrial Realty by 175.0% in the 3rd quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock valued at $82,011,000 after buying an additional 1,269,603 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Rexford Industrial Realty

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.