Cibc World Market Inc. Purchases Shares of 40,930 Rexford Industrial Realty, Inc. $REXR

Cibc World Market Inc. purchased a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 40,930 shares of the real estate investment trust’s stock, valued at approximately $1,371,000.

Several other institutional investors and hedge funds have also bought and sold shares of REXR. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $34,000. Allworth Financial LP bought a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in Rexford Industrial Realty in the first quarter worth $33,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Rexford Industrial Realty in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

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Rexford Industrial Realty Trading Down 0.2%

NYSE REXR opened at $37.19 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a twelve month low of $32.14 and a twelve month high of $44.38. The firm has a market capitalization of $8.29 billion, a PE ratio of -20.55 and a beta of 1.19. The stock’s 50 day moving average is $36.04 and its 200 day moving average is $35.64.

Rexford Industrial Realty (NYSE:REXR – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($2.86). The firm 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 revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s payout ratio is -96.13%.

Analysts Set New Price Targets

REXR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, August 3rd. Weiss Ratings lowered shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Finally, Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.93.

View Our Latest Stock Analysis on REXR

About Rexford Industrial Realty

(Free Report)

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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