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Recommendations
Rexford Industrial price target lowered to $73 from $89 at Jefferies » 08:28
06/30/22
06/30
08:28
06/30/22
08:28
REXR

Rexford Industrial

$57.91 /

-0.125 (-0.22%)

Jefferies analyst…

Jefferies analyst Jonathan Petersen lowered the firm's price target on Rexford Industrial to $73 from $89 and keeps a Buy rating on the shares. Petersen and the team believe REITs underperforming in a looming recession is "not a given," noting that real estate demonstrated "robust returns" during past stagflation periods. The analysts, who are making a number of price target and rating changes among their REITS coverage, recommend property types with rent inflation potential to offsets occupancy pressures, such as Industrial, Storage, Residential, DCs, Towers, and Senior Housing.

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REXR Rexford Industrial
$57.91 /

-0.125 (-0.22%)

REXR Rexford Industrial
$57.91 /

-0.125 (-0.22%)

06/21/22 Wolfe Research
Rexford Industrial initiated with a Peer Perform at Wolfe Research
06/06/22 Wells Fargo
Rexford Industrial price target lowered to $74 from $90 at Wells Fargo
04/28/22 Wells Fargo
Rexford Industrial price target raised to $90 from $81 at Wells Fargo
04/21/22 Baird
Rexford Industrial price target raised to $103 from $86 at Baird
REXR Rexford Industrial
$57.91 /

-0.125 (-0.22%)

  • 23
    Sep
REXR Rexford Industrial
$57.91 /

-0.125 (-0.22%)

Over a week ago
Hot Stocks
Rexford Industrial acquires six industrial properties for $218.4M » 07:10
06/21/22
06/21
07:10
06/21/22
07:10
REXR

Rexford Industrial

$57.09 /

-0.54 (-0.94%)

Rexford Industrial…

Rexford Industrial acquired six industrial properties for an aggregate purchase price of $218.4M. The purchases were funded using a combination of cash on hand and the company's line of credit. In June, the company acquired: 14350 Arminta Street, Panorama City, located within the LA - Greater San Fernando Valley submarket for $8.4M, or $463 per square foot; 29125 Avenue Paine, Valencia, located within the LA - Greater San Fernando Valley submarket, through an off-market transaction for $45.0M, or $256 per square foot; 2400 Marine Avenue, Redondo Beach, located within the LA - South Bay submarket, through an off-market transaction for $30.0M, or $600 per square foot; 14527 and 14434 San Pedro Street, Los Angeles, located within the LA - South Bay submarket, through an off-market transaction for $49.1M, or $146 per land square foot; 20900 Normandie Avenue, Torrance, located within the LA - South Bay submarket, through an off-market transaction for $39.9M, or $540 per square foot; 15771 Red Hill Avenue, Tustin, located within the OC - Airport submarket, through an off-market transaction for $46.0M, or $177 per land square foot.

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REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

06/21/22 Wolfe Research
Rexford Industrial initiated with a Peer Perform at Wolfe Research
06/06/22 Wells Fargo
Rexford Industrial price target lowered to $74 from $90 at Wells Fargo
04/28/22 Wells Fargo
Rexford Industrial price target raised to $90 from $81 at Wells Fargo
04/21/22 Baird
Rexford Industrial price target raised to $103 from $86 at Baird
REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

  • 23
    Sep
REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

Initiation
Rexford Industrial initiated with a Peer Perform at Wolfe Research » 05:41
06/21/22
06/21
05:41
06/21/22
05:41
REXR

Rexford Industrial

$57.09 /

-0.54 (-0.94%)

Wolfe Research analyst…

Wolfe Research analyst Andrew Rosivach initiated coverage of Rexford Industrial Realty with a Peer Perform rating and $63 price target. The company's footprint and product type "contrast the cautious operating outlooks around industrial," but these strengths are priced into the stock's market premium in a rising discount rate environment where high multiple companies face valuation challenges, Rosivach tells investors in a research note.

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REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

06/06/22 Wells Fargo
Rexford Industrial price target lowered to $74 from $90 at Wells Fargo
04/28/22 Wells Fargo
Rexford Industrial price target raised to $90 from $81 at Wells Fargo
04/21/22 Baird
Rexford Industrial price target raised to $103 from $86 at Baird
12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

  • 23
    Sep
REXR Rexford Industrial
$57.09 /

-0.54 (-0.94%)

Recommendations
Rexford Industrial price target lowered to $74 from $90 at Wells Fargo » 06:52
06/06/22
06/06
06:52
06/06/22
06:52
REXR

Rexford Industrial

$65.15 /

-0.31 (-0.47%)

Wells Fargo analyst…

Wells Fargo analyst Blaine Heck lowered the firm's price target on Rexford Industrial to $74 from $90 and keeps an Overweight rating on the shares. Heck continues to be encouraged by the strong fundamental backdrop underpinning recent Industrial REIT operating performance, and expects these tailwinds to persist for the foreseeable future, the analyst tells investors in a research note.

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REXR Rexford Industrial
$65.15 /

-0.31 (-0.47%)

REXR Rexford Industrial
$65.15 /

-0.31 (-0.47%)

04/28/22 Wells Fargo
Rexford Industrial price target raised to $90 from $81 at Wells Fargo
04/21/22 Baird
Rexford Industrial price target raised to $103 from $86 at Baird
12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
REXR Rexford Industrial
$65.15 /

-0.31 (-0.47%)

  • 23
    Sep
REXR Rexford Industrial
$65.15 /

-0.31 (-0.47%)

Over a month ago
Hot Stocks
Rexford Industrial announces $164M in acquisitions » 18:10
06/01/22
06/01
18:10
06/01/22
18:10
REXR

Rexford Industrial

$63.37 /

-0.515 (-0.81%)

Rexford Industrial…

Rexford Industrial "announced the acquisition of four industrial properties for an aggregate purchase price of $163.8M. The purchases were funded using a combination of cash on hand, the Company's line of credit and units in the Company's operating partnership."

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REXR Rexford Industrial
$63.37 /

-0.515 (-0.81%)

REXR Rexford Industrial
$63.37 /

-0.515 (-0.81%)

04/28/22 Wells Fargo
Rexford Industrial price target raised to $90 from $81 at Wells Fargo
04/21/22 Baird
Rexford Industrial price target raised to $103 from $86 at Baird
12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
REXR Rexford Industrial
$63.37 /

-0.515 (-0.81%)

  • 23
    Sep
REXR Rexford Industrial
$63.37 /

-0.515 (-0.81%)

Recommendations
Rexford Industrial price target raised to $90 from $81 at Wells Fargo » 07:27
04/28/22
04/28
07:27
04/28/22
07:27
REXR

Rexford Industrial

$80.50 /

-0.09 (-0.11%)

Wells Fargo analyst…

Wells Fargo analyst Blaine Heck raised the firm's price target on Rexford Industrial to $90 from $81 and keeps an Overweight rating on the shares. The analyst notes the company reported another quarter of strong Cash Mark-to-Market growth, which now stands at +55%. Heck continues to believe there is some conservatism built into the company's revised Cash Same-Store NOI guidance range of +6.75% to +7.75%.

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REXR Rexford Industrial
$80.50 /

-0.09 (-0.11%)

REXR Rexford Industrial
$80.50 /

-0.09 (-0.11%)

04/21/22 Baird
Rexford Industrial price target raised to $103 from $86 at Baird
12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
12/09/21 BofA
Rexford Industrial added to US 1 List; Duke Realty & Disney removed at BofA
REXR Rexford Industrial
$80.50 /

-0.09 (-0.11%)

  • 23
    Sep
  • 25
    May
REXR Rexford Industrial
$80.50 /

-0.09 (-0.11%)

Recommendations
Rexford Industrial price target raised to $103 from $86 at Baird » 06:37
04/21/22
04/21
06:37
04/21/22
06:37
REXR

Rexford Industrial

$83.85 /

+4.2 (+5.27%)

Baird analyst David…

Baird analyst David Rodgers raised the firm's price target on Rexford Industrial to $103 from $86 and keeps an Outperform rating on the shares. The analyst said the strength of the Southern California Industrial sector continues to surprise to the upside, and the outlook provides little near-term concerns that would imminently negatively impact cash flow growth. He said the target increase reflects the strength in the underlying business and the outlook for continued robust cash flow growth.

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REXR Rexford Industrial
$83.85 /

+4.2 (+5.27%)

REXR Rexford Industrial
$83.85 /

+4.2 (+5.27%)

12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
12/09/21 BofA
Rexford Industrial added to US 1 List; Duke Realty & Disney removed at BofA
10/25/21 Baird
Rexford Industrial price target raised to $82 from $74 at Baird
REXR Rexford Industrial
$83.85 /

+4.2 (+5.27%)

  • 23
    Sep
  • 25
    May
REXR Rexford Industrial
$83.85 /

+4.2 (+5.27%)

REXR Rexford Industrial
$83.85 /

+4.2 (+5.27%)

On The Fly
Fly Intel: After-Hours Movers » 17:59
04/19/22
04/19
17:59
04/19/22
17:59
LRN

Stride

$35.37 /

+0.44 (+1.26%)

, WTFC

Wintrust Financial

$92.48 /

+3.19 (+3.57%)

, PZN

Pzena Investment

$7.63 /

+0.23 (+3.11%)

, OMC

Omnicom

$80.89 /

+2.34 (+2.98%)

, REXR

Rexford Industrial

$79.69 /

+3.19 (+4.17%)

, IBM

IBM

$129.22 /

+3.08 (+2.44%)

, NFLX

Netflix

$348.73 /

+11.19 (+3.32%)

, ROKU

Roku

$116.79 /

+8.94 (+8.29%)

, DIS

Disney

$131.91 /

+4.145 (+3.24%)

, FUBO

FuboTV

$5.59 /

+0.295 (+5.57%)

, HLLY

Holley

$13.85 /

+0.07 (+0.51%)

, IBKR

Interactive Brokers

$65.43 /

+1.5 (+2.35%)

, TRQ

Turquoise Hill

$29.63 /

+0.2 (+0.68%)

Check out this evening's…

ShowHide Related Items >><<
WTFC Wintrust Financial
$92.48 /

+3.19 (+3.57%)

TRQ Turquoise Hill
$29.63 /

+0.2 (+0.68%)

ROKU Roku
$116.79 /

+8.94 (+8.29%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

PZN Pzena Investment
$7.63 /

+0.23 (+3.11%)

OMC Omnicom
$80.89 /

+2.34 (+2.98%)

NFLX Netflix
$348.73 /

+11.19 (+3.32%)

LRN Stride
$35.37 /

+0.44 (+1.26%)

IBM IBM
$129.22 /

+3.08 (+2.44%)

IBKR Interactive Brokers
$65.43 /

+1.5 (+2.35%)

HLLY Holley
$13.85 /

+0.07 (+0.51%)

FUBO FuboTV
$5.59 /

+0.295 (+5.57%)

DIS Disney
$131.91 /

+4.145 (+3.24%)

LRN Stride
$35.37 /

+0.44 (+1.26%)

09/14/21
Fly Intel: Top five analyst initiations
09/14/21 Citi
Stride initiated with a Buy at Citi
WTFC Wintrust Financial
$92.48 /

+3.19 (+3.57%)

03/08/22 Janney Montgomery Scott
Wintrust Financial upgraded to Buy from Neutral at Janney Montgomery Scott
01/24/22 Truist
Wintrust Financial price target raised to $125 from $105 at Truist
01/21/22 RBC Capital
Wintrust Financial price target raised to $122 from $110 at RBC Capital
01/21/22 Raymond James
Wintrust Financial price target raised to $127 from $112 at Raymond James
PZN Pzena Investment
$7.63 /

+0.23 (+3.11%)

OMC Omnicom
$80.89 /

+2.34 (+2.98%)

03/18/22 Argus
Argus upgrades Omnicom, sees company benefiting from e-commerce marketing trends
03/18/22 Argus
Omnicom upgraded to Buy from Hold at Argus
03/14/22 Barclays
Omnicom downgraded to Equal Weight from Overweight at Barclays
02/10/22 Macquarie
Omnicom price target raised to $98 from $85 at Macquarie
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
12/09/21 BofA
Rexford Industrial added to US 1 List; Duke Realty & Disney removed at BofA
10/25/21 Baird
Rexford Industrial price target raised to $82 from $74 at Baird
IBM IBM
$129.22 /

+3.08 (+2.44%)

04/14/22 Morgan Stanley
IBM upgraded to Overweight from Equal Weight at Morgan Stanley
04/13/22 BMO Capital
IBM price target lowered to $148 from $155 at BMO Capital
01/28/22 Tigress Financial
Tigress sees little opportunity for near-term share gains in IBM
01/25/22 Evercore ISI
Evercore sticking with In Line rating on IBM after 'impressive' December quarter
NFLX Netflix
$348.73 /

+11.19 (+3.32%)

04/19/22 Credit Suisse
Netflix's Q1 will leave more questions than answers, says Credit Suisse
04/19/22 Rosenblatt
Netflix initiated with a Neutral at Rosenblatt
04/18/22 Deutsche Bank
Netflix Q1 net adds may be closer to 3.5M, says Deutsche Bank
04/14/22 Wedbush
Netflix price hikes to offset slowing user growth, says Wedbush
ROKU Roku
$116.79 /

+8.94 (+8.29%)

04/19/22 Rosenblatt
Roku initiated with a Buy at Rosenblatt
04/13/22 Truist
Roku price target lowered to $150 from $165 at Truist
04/13/22 MoffettNathanson
MoffettNathanson stays at Sell on Roku, highlight three key concerns
03/31/22 Guggenheim
Roku price target raised to $145 from $135 at Guggenheim
DIS Disney
$131.91 /

+4.145 (+3.24%)

04/19/22 JPMorgan
Disney price target lowered to $175 from $200 at JPMorgan
04/19/22 Rosenblatt
Disney initiated with a Buy at Rosenblatt
04/14/22 Oppenheimer
Twitter downgraded to Perform at Oppenheimer after Musk takeover bid
04/11/22 Evercore ISI
Warner Bros. Discovery upgraded to Outperform at Evercore ISI after deal closing
FUBO FuboTV
$5.59 /

+0.295 (+5.57%)

02/24/22 JPMorgan
JPMorgan downgrades FuboTV on potential for subscriber drop off
02/24/22 JPMorgan
FuboTV downgraded to Neutral from Overweight at JPMorgan
02/14/22 Oppenheimer
FuboTV price target lowered to $16 from $42 at Oppenheimer
01/28/22 LightShed Partners
LightShed upgrades FuboTV to Neutral after 85% pullback
HLLY Holley
$13.85 /

+0.07 (+0.51%)

03/04/22 Jefferies
Holley assumed with a Buy rating, $20 price target at Jefferies
09/09/21 Truist
Truist starts Holley at Buy with positive view of secular growth attributes
09/09/21 Truist
Holley initiated with a Buy at Truist
08/19/21 Jefferies
Jefferies starts Holley at Buy, says valuation should reflect 'lifestyle brand'
IBKR Interactive Brokers
$65.43 /

+1.5 (+2.35%)

01/19/22 Keefe Bruyette
Interactive Brokers upgraded to Outperform from Market Perform at Keefe Bruyette
12/15/21 BofA
BofA starts Interactive Brokers at Buy, says has 'key' advantage in tech R&D
12/15/21 BofA
Interactive Brokers initiated with a Buy at BofA
04/21/21 Credit Suisse
Interactive Brokers price target raised to $110 from $92 at Credit Suisse
TRQ Turquoise Hill
$29.63 /

+0.2 (+0.68%)

04/19/22 Scotiabank
Turquoise Hill price target raised to C$43 from C$42 at Scotiabank
04/13/22 Scotiabank
Turquoise Hill price target raised to C$42 from C$30 at Scotiabank
04/11/22 Goldman Sachs
Rio Tinto upgraded to Buy from Neutral at Goldman Sachs
03/15/22 Canaccord
Turquoise Hill price target raised to C$38 from C$31 at Canaccord
WTFC Wintrust Financial
$92.48 /

+3.19 (+3.57%)

TRQ Turquoise Hill
$29.63 /

+0.2 (+0.68%)

ROKU Roku
$116.79 /

+8.94 (+8.29%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

PZN Pzena Investment
$7.63 /

+0.23 (+3.11%)

OMC Omnicom
$80.89 /

+2.34 (+2.98%)

NFLX Netflix
$348.73 /

+11.19 (+3.32%)

LRN Stride
$35.37 /

+0.44 (+1.26%)

IBM IBM
$129.22 /

+3.08 (+2.44%)

IBKR Interactive Brokers
$65.43 /

+1.5 (+2.35%)

HLLY Holley
$13.85 /

+0.07 (+0.51%)

FUBO FuboTV
$5.59 /

+0.295 (+5.57%)

DIS Disney
$131.91 /

+4.145 (+3.24%)

  • 21
    Apr
  • 23
    Sep
  • 25
    May
ROKU Roku
$116.79 /

+8.94 (+8.29%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

OMC Omnicom
$80.89 /

+2.34 (+2.98%)

NFLX Netflix
$348.73 /

+11.19 (+3.32%)

IBM IBM
$129.22 /

+3.08 (+2.44%)

FUBO FuboTV
$5.59 /

+0.295 (+5.57%)

DIS Disney
$131.91 /

+4.145 (+3.24%)

TRQ Turquoise Hill
$29.63 /

+0.2 (+0.68%)

ROKU Roku
$116.79 /

+8.94 (+8.29%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

OMC Omnicom
$80.89 /

+2.34 (+2.98%)

NFLX Netflix
$348.73 /

+11.19 (+3.32%)

LRN Stride
$35.37 /

+0.44 (+1.26%)

IBM IBM
$129.22 /

+3.08 (+2.44%)

IBKR Interactive Brokers
$65.43 /

+1.5 (+2.35%)

HLLY Holley
$13.85 /

+0.07 (+0.51%)

FUBO FuboTV
$5.59 /

+0.295 (+5.57%)

DIS Disney
$131.91 /

+4.145 (+3.24%)

WTFC Wintrust Financial
$92.48 /

+3.19 (+3.57%)

TRQ Turquoise Hill
$29.63 /

+0.2 (+0.68%)

ROKU Roku
$116.79 /

+8.94 (+8.29%)

OMC Omnicom
$80.89 /

+2.34 (+2.98%)

NFLX Netflix
$348.73 /

+11.19 (+3.32%)

LRN Stride
$35.37 /

+0.44 (+1.26%)

IBM IBM
$129.22 /

+3.08 (+2.44%)

IBKR Interactive Brokers
$65.43 /

+1.5 (+2.35%)

FUBO FuboTV
$5.59 /

+0.295 (+5.57%)

DIS Disney
$131.91 /

+4.145 (+3.24%)

Earnings
Rexford Industrial reports Q1 Core FFO 48c, consensus 45c » 16:23
04/19/22
04/19
16:23
04/19/22
16:23
REXR

Rexford Industrial

$79.69 /

+3.19 (+4.17%)

Reports Q1 revenue…

Reports Q1 revenue $140.75M, consensus $141.95M. Reports Q1 Consolidated Portfolio NOI of $107.2M, an increase of 40.9% as compared to the prior year quarter. "Our exceptional first quarter performance demonstrates the unique nature of the Rexford business model and the strength and resiliency of our infill Southern California industrial market, the world's fourth largest and our nation's highest-demand, lowest supply industrial market. We achieved Core FFO growth of 58%, equal to 30% on a per share basis, compared to the prior year quarter, driven by consolidated NOI growth of over 40% compared to the prior year quarter. Our team executed 0.9 million square feet of leasing activity at record releasing spreads of 71% and 57%, on a GAAP and cash basis, respectively, and we ended the quarter with Same Property occupancy at 99.3%," stated Michael Frankel and Howard Schwimmer, Co-CEO.

ShowHide Related Items >><<
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
12/09/21 BofA
Rexford Industrial added to US 1 List; Duke Realty & Disney removed at BofA
10/25/21 Baird
Rexford Industrial price target raised to $82 from $74 at Baird
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

  • 23
    Sep
  • 25
    May
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

Earnings
Rexford Industrial sees FY22 Core FFO $1.84-$1.88, consensus $1.91 » 16:19
04/19/22
04/19
16:19
04/19/22
16:19
REXR

Rexford Industrial

$79.69 /

+3.19 (+4.17%)

Michael Frankel and…

Michael Frankel and Howard Schwimmer, Co-CEOS of the Company, said: "We continue to capitalize upon the scale of our platform and deepen our presence within the infill Southern California industrial market, completing $458M of investments in the Q1. Looking ahead, we have over $500M of additional investments under contract or accepted offer and a range of accretive internal growth initiatives, and, when combined with our low-leverage balance sheet, we are well positioned to drive cash flow growth and significant value creation for our stakeholders."

ShowHide Related Items >><<
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

12/20/21 JPMorgan
Rexford upgraded to Overweight on 'secular tailwinds' at JPMorgan
12/20/21 JPMorgan
Rexford Industrial upgraded to Overweight from Neutral at JPMorgan
12/09/21 BofA
Rexford Industrial added to US 1 List; Duke Realty & Disney removed at BofA
10/25/21 Baird
Rexford Industrial price target raised to $82 from $74 at Baird
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

  • 23
    Sep
  • 25
    May
REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

REXR Rexford Industrial
$79.69 /

+3.19 (+4.17%)

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