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Investing.com - Wolfe Research downgraded Rexford Industrial Realty (NYSE:REXR) from Outperform to Peerperform on Monday, citing the stock’s proximity to the firm’s price target. The industrial REIT, currently valued at $10.5 billion, is trading near its 52-week high of $46.22, with InvestingPro analysis suggesting the stock is slightly overvalued at current levels.
The research firm withdrew its price target on REXR, in line with its policy for Peerperform-rated stocks. Wolfe Research noted that the industrial REIT’s shares are currently trading within 3% of its previous target.
The downgrade comes despite Rexford’s recent positive momentum, with the stock gaining approximately 11% over the past week. However, Wolfe Research acknowledged that since its September 19, 2023 upgrade, REXR shares have fallen approximately 15% while broader market indices rose about 16% during the same period.
Wolfe Research characterized Rexford’s growth profile as "okay," but indicated that the recent stock performance has elevated expectations, making it more challenging for the shares to outperform from current levels.
Rexford Industrial Realty specializes in acquiring, owning, and operating industrial properties primarily in Southern California infill markets. The company has maintained and raised its dividend for 13 consecutive years, currently offering a 3.93% yield.
In other recent news, Rexford Industrial Realty, Inc. reported better-than-expected financial results for the third quarter of 2025. The company achieved an earnings per share (EPS) of $0.37, surpassing analyst projections of $0.31, marking a 19.35% positive surprise. Revenue also outperformed expectations, reaching $253.24 million compared to the forecasted $245.64 million, a 3.09% increase. These results highlight Rexford’s strong financial performance in the recent quarter. The company’s earnings and revenue figures were significant factors for investors. The positive earnings report is likely to influence investor sentiment. These developments are part of the latest updates concerning Rexford Industrial Realty.
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