40,930 Shares in Rexford Industrial Realty, Inc. $REXR Acquired by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. acquired 40,930 shares of Rexford Industrial Realty during the second quarter, valued at approximately $1.37 million. Institutional investors now own 99.52% of the REIT’s outstanding shares.
• Analyst sentiment is mixed, with five Buy, six Hold, and four Sell ratings. The stock has a consensus rating of Hold and an average price target of $40.93, compared with its recent $37.19 price.
• Rexford reported quarterly adjusted EPS of negative $2.26, missing estimates of $0.60, while revenue reached $243 million. The company declared a quarterly dividend of $0.435, equivalent to a 4.7% annualized yield.

Cibc World Market Inc. purchased a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,930 shares of the real estate investment trust's stock, valued at approximately $1,371,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. 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. purchased a new stake in shares of Rexford Industrial Realty in the 4th quarter valued at $34,000. Allworth Financial LP bought a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at $33,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Rexford Industrial Realty during the 1st quarter valued at $33,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $45,000. 99.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on REXR shares. Mizuho boosted their price target on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. Wells Fargo & Company reduced their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an "overweight" rating on the stock in a research note on Monday, June 1st. Evercore reaffirmed an "outperform" rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Wall Street Zen downgraded Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group lowered Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and an average price target of $40.93.

Rexford Industrial Realty Stock Down 0.2%

Shares of Rexford Industrial Realty stock opened at $37.19 on Friday. 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 52-week low of $32.14 and a 52-week high of $44.38. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of -20.55 and a beta of 1.19. The company's 50 day moving average price is $36.04 and its 200-day moving average price is $35.64.

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). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The firm had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. Rexford Industrial Realty's payout ratio is presently -96.13%.

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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