Canada Pension Plan Investment Board Makes New $12.09 Million Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• Canada Pension Plan Investment Board acquired 360,845 shares of Rexford Industrial Realty in the second quarter, valued at approximately $12.09 million, giving it a 0.16% stake. Institutional investors collectively own 99.52% of the REIT.
• Analysts remain mixed, with a consensus “Hold” rating and an average price target of $40.93. Recent target increases from JPMorgan and Mizuho contrast with sell and underperform ratings from other firms.
• Rexford reported a quarterly loss of $2.26 per share despite revenue of $243 million, while revenue declined 1.6% year over year. The company declared a quarterly dividend of $0.435 per share, representing a 4.7% annualized yield.

Canada Pension Plan Investment Board acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 360,845 shares of the real estate investment trust's stock, valued at approximately $12,088,000. Canada Pension Plan Investment Board owned about 0.16% of Rexford Industrial Realty at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of REXR. Royal Bank of Canada increased its position 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 valued at $9,849,000 after acquiring an additional 8,506 shares during the last quarter. AQR Capital Management LLC boosted its position in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust's stock valued at $4,628,000 after purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock valued at $70,931,000 after purchasing an additional 526,877 shares in the last quarter. Cetera Investment Advisers grew its stake in Rexford Industrial Realty by 52.7% in the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust's stock valued at $603,000 after purchasing an additional 5,854 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Rexford Industrial Realty by 131.6% during 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 during the last quarter. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on REXR shares. JPMorgan Chase & Co. upped their price objective 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. Wall Street Zen cut shares of Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Mizuho boosted their target price on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Raymond James Financial reaffirmed an "underperform" rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 19th. Finally, Evercore reiterated an "outperform" rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Rexford Industrial Realty presently has a consensus rating of "Hold" and a consensus target price of $40.93.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $37.12 on Friday. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of -20.51 and a beta of 1.19. The stock's 50 day moving average price is $36.12 and its two-hundred day moving average price is $35.65. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business 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 firm posted $0.59 earnings per share. The business's 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. On average, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.7%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently -96.13%.

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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