Rexford Industrial Realty (NYSE:REXR) Posts Earnings Results, Beats Estimates By $0.31 EPS

Rexford Industrial Realty (NYSE:REXR) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31, Zacks reports. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. Rexford Industrial Realty updated its FY 2025 guidance to 2.370-2.410 EPS.

Rexford Industrial Realty Price Performance

NYSE:REXR traded down $0.00 during mid-day trading on Wednesday, reaching $40.78. The stock had a trading volume of 2,055,066 shares, compared to its average volume of 1,874,894. The stock has a market capitalization of $9.07 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.21 and a beta of 0.95. The firm has a 50 day moving average price of $39.77 and a two-hundred day moving average price of $44.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. Rexford Industrial Realty has a one year low of $36.92 and a one year high of $53.88.

Analyst Upgrades and Downgrades

A number of analysts recently commented on REXR shares. Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Barclays cut their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Truist Financial decreased their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock. Finally, Mizuho cut their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.42.

About Rexford Industrial Realty

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.