54,510 Shares in Rexford Industrial Realty, Inc. $REXR Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG bought 54,510 shares of Rexford Industrial Realty in the second quarter, valued at approximately $1.83 million. Institutional investors collectively own 99.52% of the REIT.
• Rexford reported quarterly revenue of $243 million, slightly above estimates, but posted a loss of $2.26 per share versus consensus expectations for $0.60 in earnings. Revenue declined 1.6% year over year.
• The company declared a quarterly dividend of $0.435 per share, equivalent to a $1.74 annualized payout and a 4.7% yield. Analysts have a consensus “Hold” rating and an average price target of $40.93, compared with the stock’s quoted price of $37.19.

B. Metzler seel. Sohn & Co. AG purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 54,510 shares of the real estate investment trust's stock, valued at approximately $1,826,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Rexford Industrial Realty in the 2nd quarter worth approximately $1,293,168,000. Soroban Capital Partners LP grew its holdings in Rexford Industrial Realty by 57.2% during the 2nd 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 purchasing an additional 3,344,677 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in Rexford Industrial Realty during the 2nd quarter worth $91,671,000. Norges Bank purchased a new stake in Rexford Industrial Realty during the 4th quarter worth $73,777,000. Finally, Principal Financial Group Inc. lifted 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 in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Down 0.1%

NYSE:REXR opened at $37.19 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of -20.55 and a beta of 1.19. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $44.38. The stock has a 50-day simple moving average of $35.74 and a 200 day simple moving average of $35.71.

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) earnings per share (EPS) 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 firm had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. During the same quarter in the previous year, the company earned $0.59 EPS. 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. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm 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 dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty's dividend payout ratio is -96.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on REXR. JPMorgan Chase & Co. raised their target price on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an "underweight" rating in a research note 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. Weiss Ratings downgraded Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a report on Wednesday, July 29th. Truist Financial cut their target price on 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. Finally, Wall Street Zen cut Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $40.93.

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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