Streetbeat News

REXR

Rexford Industrial Realty, Inc.

https://www.rexfordindustrial.com

Industry

REIT - Industrial

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

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Analysts' ratings for Rexford Industrial Realty (NYSE:REXR) vary from bullish to bearish, with recent updates showing a slight increase in the average 12-month price target. The company's financial performance is strong, with impressive revenue growth, net margin, ROE, and ROA, and a balanced debt approach.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 1:00 pm

Truist Securities has maintained its Buy rating on Rexford Industrial Realty (NYSE:REXR) and raised the price target from $50 to $54.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:28 pm

JP Morgan analyst Michael Mueller maintains a Neutral rating on Rexford Industrial Realty (NYSE:REXR) and raises the price target from $47 to $52.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:16 pm

Rexford Industrial Realty (NYSE:REXR) reported Q2 2024 earnings per share of $0.60, beating the analyst estimate of $0.58. The company also reported sales of $237.57 million, surpassing the estimate of $227.67 million and marking a 22.40% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 8:17 pm

Rexford Industrial Realty has announced the promotion of CFO Laura Clark to COO and is in the process of recruiting a new CFO.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:09 pm

Analysts' ratings for Rexford Industrial Realty (NYSE:REXR) have varied over the last quarter, with a mix of bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target has decreased to $49.0 from a previous $53.0. Key financial indicators show strong revenue growth and net margin, but lower ROE and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 1:01 pm

Mizuho analyst Vikram Malhotra maintains a Neutral rating on Rexford Industrial Realty (NYSE:REXR) and lowers the price target from $52 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:54 pm

Scotiabank analyst Greg McGinniss maintains a Sector Outperform rating on Rexford Industrial Realty (NYSE:REXR) but lowers the price target from $55 to $51.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:01 pm

Analysts have provided diverse evaluations for Rexford Industrial Realty (REXR), with recent ratings ranging from bullish to bearish. The average 12-month price target is now $50.22, down from $54.17, reflecting a 7.29% decrease. The company's financial performance shows strong growth and profitability, with a notable revenue growth rate of 14.96% and a high net margin of 27.39%. Despite varying analyst opinions, Rexford's financial indicators suggest a robust financial health and operational efficiency.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:00 pm

Truist Securities analyst Anthony Hau maintains a Buy rating on Rexford Industrial Realty (REXR) but lowers the price target from $53 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:33 pm

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