Rexford Industrial Realty (NYSE:REXR) Releases Quarterly Earnings Results, Beats Expectations By $0.31 EPS

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

Rexford Industrial Realty Stock Performance

Shares of REXR traded down $0.00 on Wednesday, reaching $40.78. 2,055,066 shares of the company’s stock traded hands, compared to its average volume of 1,874,894. The stock’s 50 day simple moving average is $39.77 and its two-hundred day simple moving average is $44.94. The stock has a market cap of $9.07 billion, a PE ratio of 33.15, a PEG ratio of 2.21 and a beta of 0.95. Rexford Industrial Realty has a 52-week low of $36.92 and a 52-week high of $53.88. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their target price for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Finally, StockNews.com lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.42.

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.