Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 192,759 shares of the real estate investment trust’s stock, valued at approximately $6,457,000.
Several other hedge funds have also recently made changes to their positions in REXR. Price T Rowe Associates Inc. MD boosted its position in shares of Rexford Industrial Realty by 2.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after purchasing an additional 667,594 shares in the last quarter. State Street Corp increased its holdings in Rexford Industrial Realty by 4.9% in the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Rexford Industrial Realty by 19.5% in the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after purchasing an additional 1,881,905 shares in the last quarter. Soroban Capital Partners LP lifted its stake in Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after buying an additional 3,344,677 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Rexford Industrial Realty by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,581,987 shares of the real estate investment trust’s stock valued at $117,239,000 after buying an additional 85,135 shares during the period. 99.52% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Barclays cut their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Finally, Raymond James Financial restated an “underperform” rating on shares of Rexford Industrial Realty in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.93.
Rexford Industrial Realty Trading Up 0.4%
Shares of Rexford Industrial Realty stock opened at $37.19 on Friday. The company has a market capitalization of $8.29 billion, a P/E ratio of -20.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The stock has a fifty day simple moving average of $35.74 and a 200 day simple moving average of $35.74. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.
Rexford Industrial Realty (NYSE:REXR – Get Free Report) last issued its quarterly earnings data 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). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. During the same quarter last year, the business posted $0.59 earnings per share. Rexford Industrial Realty’s revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current fiscal year.
Rexford Industrial Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.435 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.7%. Rexford Industrial Realty’s dividend payout ratio is presently -96.13%.
Rexford Industrial Realty 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.
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