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

Rexford Industrial Realty (NYSE:REXR) issued 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 Down 0.0 %

Shares of NYSE:REXR traded down $0.00 during midday trading on Wednesday, hitting $40.78. The stock had a trading volume of 2,055,066 shares, compared to its average volume of 1,874,894. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $39.81 and its 200-day simple moving average is $44.97. Rexford Industrial Realty has a 12 month low of $36.92 and a 12 month high of $53.88. The company has a market cap of $9.07 billion, a P/E ratio of 33.15, a PEG ratio of 2.21 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on REXR. Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Finally, Barclays lowered their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.