Infrastructure Capital Advisors LLC purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,532 shares of the real estate investment trust’s stock, valued at approximately $1,525,000.
Other large investors also recently modified their holdings of the company. Wiser Advisor Group LLC bought a new stake in Rexford Industrial Realty during the 3rd quarter worth $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $34,000. Allworth Financial LP acquired a new position in shares of Rexford Industrial Realty in the second quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC bought a new position in Rexford Industrial Realty in the 1st quarter valued at approximately $33,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $45,000. 99.52% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on REXR shares. Jefferies Financial Group cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research report on Thursday, August 6th. Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Mizuho raised their target price on Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.93.
Rexford Industrial Realty Trading Down 0.1%
Shares of REXR stock opened at $37.19 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of -20.55 and a beta of 1.19. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a 50-day simple moving average of $35.74 and a two-hundred day simple moving average of $35.71.
Rexford Industrial Realty (NYSE:REXR – Get Free Report) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.Rexford Industrial Realty’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.
Rexford Industrial Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.435 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.7%. Rexford Industrial Realty’s payout ratio is currently -96.13%.
About Rexford Industrial Realty
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.
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