Analyst Scoreboard: 9 Ratings For Rexford Industrial Realty
During the last three months, 9 analysts shared their evaluations of Rexford Industrial Realty (NYSE:REXR), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 4 | 2 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 3 | 1 | 0 |
| 2M Ago | 0 | 0 | 0 | 1 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts have recently evaluated Rexford Industrial Realty and provided 12-month price targets. The average target is $50.22, accompanied by a high estimate of $57.00 and a low estimate of $45.00. A 7.29% drop is evident in the current average compared to the previous average price target of $54.17.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Rexford Industrial Realty. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Anthony Hau | Truist Securities | Lowers | Buy | $50.00 | $53.00 |
| David Rodgers | Baird | Lowers | Neutral | $49.00 | $57.00 |
| Brendan Lynch | Barclays | Raises | Underweight | $46.00 | $45.00 |
| Richard Anderson | Wedbush | Announces | Neutral | $45.00 | - |
| Anthony Hau | Truist Securities | Lowers | Buy | $53.00 | $57.00 |
| Vikram Malhotra | Mizuho | Maintains | Neutral | $52.00 | $52.00 |
| Brendan Lynch | Barclays | Announces | Underweight | $45.00 | - |
| Anthony Hau | Truist Securities | Lowers | Buy | $57.00 | $61.00 |
| Michael Mueller | JP Morgan | Announces | Neutral | $55.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Rexford Industrial Realty. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Rexford Industrial Realty compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Rexford Industrial Realty's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Rexford Industrial Realty's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Rexford Industrial Realty analyst ratings.
All You Need to Know About Rexford Industrial Realty
Rexford Industrial Realty Inc is a real estate investment trust engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.
Unraveling the Financial Story of Rexford Industrial Realty
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Rexford Industrial Realty's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.96% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 27.39%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Rexford Industrial Realty's ROE stands out, surpassing industry averages. With an impressive ROE of 0.76%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Rexford Industrial Realty's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.5%, the company showcases efficient use of assets and strong financial health.
Debt Management: Rexford Industrial Realty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.43.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.