34,610 Shares in Rexford Industrial Realty, Inc. $REXR Acquired by Redwood Investment Management LLC

Key Points

• Redwood Investment Management acquired 34,610 Rexford Industrial Realty shares worth approximately $1.16 million, while institutional investors collectively own 99.52% of the REIT.
• Rexford reported a quarterly loss of $2.26 per share, significantly below the $0.60 analyst estimate, although revenue of $243 million slightly exceeded expectations and declined 1.6% year over year.
• The company declared a quarterly dividend of $0.435 per share, equivalent to an annualized $1.74 payout and a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $40.93.

Redwood Investment Management LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,610 shares of the real estate investment trust's stock, valued at approximately $1,159,000.

A number of other institutional investors have also made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rexford Industrial Realty in the first quarter valued at $33,000. Allworth Financial LP purchased a new stake in Rexford Industrial Realty during the 2nd quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Rexford Industrial Realty during the 4th quarter worth $34,000. Wiser Advisor Group LLC acquired a new position in Rexford Industrial Realty in the 3rd quarter worth $34,000. Finally, Meeder Asset Management Inc. lifted its holdings in Rexford Industrial Realty by 724.4% in the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust's stock worth $43,000 after buying an additional 978 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $37.33 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The firm's 50-day simple moving average is $35.96 and its 200-day simple moving average is $35.66. The firm has a market cap of $8.32 billion, a PE ratio of -20.62 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company 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 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is currently -96.13%.

Analyst Ratings Changes

REXR has been the subject of several recent analyst reports. Raymond James Financial restated an "underperform" rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Wall Street Zen cut Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. increased their price target on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, August 3rd. Wells Fargo & Company lowered their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, June 1st. Finally, Mizuho lifted their price objective on Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.93.

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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