Fintel reports that on January 14, 2025, Deutsche Bank initiated coverage of Rexford Industrial Realty (NYSE:REXR) with a Hold recommendation.
Analyst Price Forecast Suggests 30.26% Upside
As of December 23, 2024, the average one-year price target for Rexford Industrial Realty is $50.49/share. The forecasts range from a low of $44.44 to a high of $60.90. The average price target represents an increase of 30.26% from its latest reported closing price of $38.76 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rexford Industrial Realty is 826MM, a decrease of 8.62%. The projected annual non-GAAP EPS is 1.36.
What is the Fund Sentiment?
There are 956 funds or institutions reporting positions in Rexford Industrial Realty. This is an increase of 24 owner(s) or 2.58% in the last quarter. Average portfolio weight of all funds dedicated to REXR is 0.42%, an increase of 2.07%. Total shares owned by institutions increased in the last three months by 4.83% to 307,785K shares. 
The put/call ratio of REXR is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 28,275K shares representing 12.74% ownership of the company. In its prior filing, the firm reported owning 26,798K shares , representing an increase of 5.23%. The firm increased its portfolio allocation in REXR by 14.54% over the last quarter.
Capital International Investors holds 21,102K shares representing 9.51% ownership of the company. In its prior filing, the firm reported owning 20,933K shares , representing an increase of 0.80%. The firm increased its portfolio allocation in REXR by 6.06% over the last quarter.
Principal Financial Group holds 10,712K shares representing 4.83% ownership of the company. In its prior filing, the firm reported owning 12,471K shares , representing a decrease of 16.43%. The firm decreased its portfolio allocation in REXR by 58.47% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 8,579K shares representing 3.86% ownership of the company. In its prior filing, the firm reported owning 8,724K shares , representing a decrease of 1.69%. The firm decreased its portfolio allocation in REXR by 18.59% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,848K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 6,762K shares , representing an increase of 1.26%. The firm increased its portfolio allocation in REXR by 4.36% over the last quarter.
Rexford Industrial Realty Background Information
(This description is provided by the company.)
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 253 properties with approximately 31.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
