Wells Fargo & Company Issues Pessimistic Forecast for Rexford Industrial Realty (NYSE:REXR) Stock Price

Rexford Industrial Realty (NYSE:REXR) had its price objective cut by equities research analysts at Wells Fargo & Company from $45.00 to $44.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 25.17% from the stock’s current price.

A number of other research firms have also recently commented on REXR. Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, April 13th. Robert W. Baird set a $40.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, February 17th. iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.46.

Rexford Industrial Realty Stock Down 0.9%

Rexford Industrial Realty stock traded down $0.32 during midday trading on Monday, hitting $35.15. 174,457 shares of the stock were exchanged, compared to its average volume of 2,468,508. Rexford Industrial Realty has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $35.06 and its 200-day moving average price is $37.78. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results 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 during the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.Rexford Industrial Realty’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, research analysts expect that Rexford Industrial Realty will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the sale, the general counsel owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the transaction, the chief executive officer owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in Rexford Industrial Realty by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after purchasing an additional 667,594 shares in the last quarter. State Street Corp increased its holdings in shares of Rexford Industrial Realty by 4.9% in the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after buying an additional 556,810 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares during the last quarter. Soroban Capital Partners LP raised its position in shares of Rexford Industrial Realty by 57.2% during the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after buying an additional 3,344,677 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Rexford Industrial Realty by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock worth $159,836,000 after acquiring an additional 161,589 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.