BlackRock Inc. Makes New $1.29 Billion Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• BlackRock acquired 38.6 million shares of Rexford Industrial Realty during the second quarter, valued at approximately $1.29 billion and representing a 17.31% stake. Institutional investors and hedge funds collectively own 99.52% of the stock.
• Rexford reported a quarterly loss of $2.26 per share, missing the $0.60 consensus estimate, while revenue of $243 million slightly exceeded expectations. Revenue declined 1.6% year over year, and the company issued fiscal 2026 EPS guidance of $2.38–$2.43.
• 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, compared with a recent share price of $37.11.

BlackRock Inc. acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,602,017 shares of the real estate investment trust's stock, valued at approximately $1,293,168,000. BlackRock Inc. owned 17.31% of Rexford Industrial Realty at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new stake in Rexford Industrial Realty in the 1st quarter valued at $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $34,000. Wiser Advisor Group LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth about $34,000. Meeder Asset Management Inc. lifted its holdings in shares of Rexford Industrial Realty by 724.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 978 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at about $45,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Down 1.2%

Shares of REXR stock opened at $37.11 on Friday. The company has a market capitalization of $8.28 billion, a P/E ratio of -20.50, a P/E/G ratio of 1.56 and a beta of 1.19. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $35.69 and a 200 day moving average price of $35.73.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.Rexford Industrial Realty's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period 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. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on REXR shares. JPMorgan Chase & Co. upped their target price on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, August 3rd. Barclays decreased their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a report on Thursday, July 16th. Wall Street Zen lowered Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Weiss Ratings cut Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $40.93.

Rexford Industrial Realty Company 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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