StockNews.com Downgrades Rexford Industrial Realty (NYSE:REXR) to Sell

Rexford Industrial Realty (NYSE:REXR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

A number of other equities research analysts have also recently weighed in on REXR. Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Scotiabank raised their price target on shares of Rexford Industrial Realty from $51.00 to $55.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Truist Financial boosted their price objective on shares of Rexford Industrial Realty from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.09.

Rexford Industrial Realty Trading Down 0.1 %

Shares of NYSE REXR opened at $44.65 on Monday. Rexford Industrial Realty has a fifty-two week low of $41.56 and a fifty-two week high of $58.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.73 and a current ratio of 1.20. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 1.89 and a beta of 0.93. The business’s 50 day moving average price is $49.70 and its 200-day moving average price is $47.27.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The company had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, sell-side analysts expect that Rexford Industrial Realty will post 2.35 earnings per share for the current year.

Insider Buying and Selling at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction on Friday, July 26th. The stock was sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the sale, the chief executive officer now directly owns 50,673 shares in the company, valued at approximately $2,475,882.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in shares of Rexford Industrial Realty by 4,835.8% in the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,563 shares during the period. Signaturefd LLC boosted its holdings in Rexford Industrial Realty by 22.2% in the 3rd quarter. Signaturefd LLC now owns 2,637 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 479 shares during the last quarter. Vert Asset Management LLC grew its stake in shares of Rexford Industrial Realty by 1.0% in the 3rd quarter. Vert Asset Management LLC now owns 89,579 shares of the real estate investment trust’s stock valued at $4,507,000 after buying an additional 862 shares during the period. Naviter Wealth LLC increased its holdings in shares of Rexford Industrial Realty by 2.6% during the 3rd quarter. Naviter Wealth LLC now owns 14,907 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 382 shares during the last quarter. Finally, Stableford Capital II LLC acquired a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $560,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.