Deutsche Bank AG Purchases New Position in Rexford Industrial Realty, Inc. $REXR

Key Points

• Deutsche Bank acquired 118,646 shares of Rexford Industrial Realty during the second quarter, valued at approximately $3.98 million. Institutional investors and hedge funds 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 an average price target of $40.93 compared with the stock’s $37.74 price.
• Rexford reported a quarterly EPS loss of $2.26, missing estimates by $2.86, while revenue reached $243 million. The company declared a quarterly dividend of $0.435 per share, representing a 4.6% annualized yield.

Deutsche Bank AG purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 118,646 shares of the real estate investment trust's stock, valued at approximately $3,975,000. Deutsche Bank AG owned 0.05% of Rexford Industrial Realty at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of REXR. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the 3rd quarter valued at about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth approximately $34,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Rexford Industrial Realty in the first quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new position in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $45,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Rexford Industrial Realty by 724.4% in 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 in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on REXR. Truist Financial decreased their price target 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. Weiss Ratings downgraded Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group cut Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 target price on the stock. in a report on Thursday, August 6th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $40.93.

Rexford Industrial Realty Stock Up 0.2%

Shares of REXR opened at $37.74 on Wednesday. The business's fifty day moving average price is $35.86 and its two-hundred day moving average price is $35.66. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of -20.85 and a beta of 1.19. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. 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 (NYSE:REXR - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $243.00 million for the quarter, compared to analyst estimates 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 revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company 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 dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty's payout ratio 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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