Bank of America Corp DE Makes New $79.55 Million Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• Bank of America acquired 2.37 million Rexford Industrial Realty shares worth approximately $79.5 million, representing a 1.06% stake. Institutional investors collectively own 99.52% of the REIT.
• Rexford reported a quarterly loss of $2.26 per share, missing the $0.60 consensus estimate, while revenue of $243 million slightly exceeded expectations. The company maintained 2026 EPS guidance of $2.38–$2.43.
• The REIT declared a quarterly dividend of $0.435 per share, equivalent to a $1.74 annualized payout and a 4.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $41, compared with the stock’s reported $38.41 price.

Bank of America Corp DE acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,374,523 shares of the real estate investment trust's stock, valued at approximately $79,547,000. Bank of America Corp DE owned 1.06% of Rexford Industrial Realty at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Freestone Grove Partners LP acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth about $1,326,000. Man Group plc purchased a new stake in Rexford Industrial Realty during the 2nd quarter worth approximately $7,394,000. Jupiter Topco LLC acquired a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $3,419,000. Hsbc Holdings PLC acquired a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $16,981,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Rexford Industrial Realty in the second quarter valued at approximately $12,088,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Down 0.0%

Shares of NYSE REXR opened at $38.41 on Friday. The company has a 50 day simple moving average of $37.21 and a 200-day simple moving average of $35.66. The company has a market capitalization of $8.57 billion, a P/E ratio of -21.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is currently -96.13%.

Analyst Ratings Changes

Several research analysts recently commented on REXR shares. Scotiabank increased their price objective on Rexford Industrial Realty from $38.00 to $40.00 and gave the company a "sector outperform" rating in a research note on Monday, August 31st. Barclays lowered their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a research note on Thursday, July 16th. Citigroup reiterated a "neutral" rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Mizuho raised 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. Finally, Wall Street Zen upgraded shares of Rexford Industrial Realty from a "strong sell" rating to a "sell" rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $41.00.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.

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