Alberta Investment Management Corp Makes New $22.96 Million Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• Alberta Investment Management Corp. acquired 685,504 Rexford Industrial Realty shares worth approximately $22.96 million, representing about 0.31% of the REIT. Institutional investors collectively own 99.52% of the company.
• Analyst sentiment is mixed, with five Buy, six Hold, and four Sell ratings; the consensus rating is Hold with a target price of $40.71. Shares recently opened at $36.21.
• Rexford reported a quarterly loss of $2.26 per share, missing estimates of $0.60, while revenue of $243 million slightly exceeded expectations. The company declared a quarterly dividend of $0.435, representing a 4.8% annualized yield.

Alberta Investment Management Corp bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 685,504 shares of the real estate investment trust's stock, valued at approximately $22,964,000. Alberta Investment Management Corp owned approximately 0.31% of Rexford Industrial Realty as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of REXR. Royal Bank of Canada lifted its holdings in shares of Rexford Industrial Realty by 3.5% in the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust's stock worth $9,849,000 after buying an additional 8,506 shares in the last quarter. AQR Capital Management LLC increased its holdings in Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust's stock worth $4,628,000 after acquiring an additional 89,390 shares during the period. Goldman Sachs Group Inc. increased its holdings in Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock worth $70,931,000 after acquiring an additional 526,877 shares during the period. Cetera Investment Advisers lifted its stake in Rexford Industrial Realty by 52.7% in the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust's stock worth $603,000 after purchasing an additional 5,854 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Rexford Industrial Realty by 131.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust's stock worth $116,000 after purchasing an additional 1,848 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on REXR shares. Barclays reduced their price target on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating for the company in a research report on Thursday, July 16th. Wells Fargo & Company dropped 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 cut Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, August 3rd. Finally, Mizuho lowered their price target on Rexford Industrial Realty from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, June 10th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $40.71.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $36.21 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. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The stock has a 50 day moving average price of $35.51 and a two-hundred day moving average price of $35.81. The company has a market capitalization of $8.07 billion, a P/E ratio of -20.00, a PEG ratio of 1.50 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $243.00 million for the quarter, compared to analysts' expectations of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts expect that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.8%. Rexford Industrial Realty's dividend payout ratio (DPR) is -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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