Alberta Investment Management Corp Grows Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Alberta Investment Management Corp lifted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 38.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 612,204 shares of the real estate investment trust’s stock after acquiring an additional 171,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Rexford Industrial Realty were worth $25,168,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in REXR. Drucker Wealth 3.0 LLC purchased a new stake in Rexford Industrial Realty in the third quarter valued at $383,000. NEOS Investment Management LLC lifted its holdings in shares of Rexford Industrial Realty by 102.4% in the 3rd quarter. NEOS Investment Management LLC now owns 21,706 shares of the real estate investment trust’s stock valued at $892,000 after buying an additional 10,981 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Rexford Industrial Realty by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock worth $159,836,000 after buying an additional 161,589 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Rexford Industrial Realty by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 287,214 shares of the real estate investment trust’s stock worth $11,807,000 after buying an additional 2,043 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Rexford Industrial Realty by 24.5% during the third quarter. PNC Financial Services Group Inc. now owns 13,158 shares of the real estate investment trust’s stock worth $541,000 after acquiring an additional 2,587 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock opened at $37.27 on Thursday. The stock has a market capitalization of $8.64 billion, a P/E ratio of 43.85, a P/E/G ratio of 2.41 and a beta of 1.23. The company’s fifty day moving average price is $39.65 and its 200 day moving average price is $40.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The business had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. During the same period last year, the firm posted $0.58 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is presently 202.35%.

Analyst Upgrades and Downgrades

REXR has been the subject of a number of analyst reports. Mizuho boosted their price target on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Citigroup dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a research note on Friday, February 6th. Scotiabank raised their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Finally, Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.31.

Insider Buying and Selling

In other news, CEO Michael S. Frankel sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares in the company, valued at $23,376,532.28. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 57,118 shares of company stock worth $2,345,706. 1.20% of the stock is currently owned by insiders.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.