556,914 Shares in Rexford Industrial Realty, Inc. $REXR Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) in the second quarter, Holdings Channel reports. The fund bought 556,914 shares of the real estate investment trust’s stock, valued at approximately $18,657,000.

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

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Rexford Industrial Realty Stock Up 0.4%

Shares of Rexford Industrial Realty stock opened at $37.19 on Friday. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The company has a market cap of $8.29 billion, a P/E ratio of -20.55, a P/E/G ratio of 1.55 and a beta of 1.19. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $35.74 and a 200 day moving average price of $35.74.

Rexford Industrial Realty (NYSE:REXR – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $240.24 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Raymond James Financial reiterated an “underperform” rating on shares of Rexford Industrial Realty in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, June 1st. Five equities 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 company. According to data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $40.93.

View Our Latest Stock Analysis on Rexford Industrial Realty

Rexford Industrial Realty 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.

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