Rexford Industrial Realty, Inc. $REXR Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXRFree Report) by 1,208.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 663,472 shares of the real estate investment trust’s stock after purchasing an additional 612,768 shares during the quarter. Engineers Gate Manager LP’s holdings in Rexford Industrial Realty were worth $25,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Rexford Industrial Realty by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock worth $1,097,172,000 after buying an additional 667,594 shares during the period. State Street Corp increased its holdings in Rexford Industrial Realty by 4.9% in the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after buying an additional 556,810 shares during the period. Principal Financial Group Inc. increased its holdings in Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after buying an additional 1,881,905 shares during the period. Soroban Capital Partners LP increased its holdings in Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after buying an additional 3,344,677 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Rexford Industrial Realty by 4.3% in the 3rd 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 period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Activity

In other news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the transaction, the general counsel owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $32.52 on Thursday. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.43 and a beta of 1.21. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The firm’s 50 day simple moving average is $35.32 and its 200-day simple moving average is $37.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50.

Rexford Industrial Realty (NYSE:REXRGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $242.14 million for the quarter, compared to analysts’ expectations of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Analysts expect that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.435 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.4%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

Analysts Set New Price Targets

Several brokerages recently weighed in on REXR. Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a report on Tuesday, May 12th. Mizuho cut their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Wall Street Zen downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Truist Financial cut their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.77.

View Our Latest Research Report on REXR

Rexford Industrial Realty Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty, Inc. (NYSE:REXRFree Report).

Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.