Diamond Hill Capital Management LLC Investment Advisor Purchases New Stake in Rexford Industrial Realty, Inc. $REXR

Key Points

• Diamond Hill Capital Management acquired 270,242 shares of Rexford Industrial Realty in the second quarter, worth approximately $9.1 million and representing a 0.12% stake. Institutional investors collectively own 99.52% of the REIT.
• Rexford reported quarterly revenue of $243 million, slightly above estimates, but posted an EPS loss of $2.26 versus expectations of $0.60 and saw revenue decline 1.6% year over year. 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 $1.74 annually and a 4.9% yield. Analysts have a consensus “Hold” rating and an average price target of $40.71, compared with shares opening at $35.84.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 270,242 shares of the real estate investment trust's stock, valued at approximately $9,053,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.12% of Rexford Industrial Realty as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Rexford Industrial Realty by 3.5% in the 1st 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 in the last quarter. AQR Capital Management LLC lifted its position in shares of 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 purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock worth $70,931,000 after buying an additional 526,877 shares during the last quarter. Cetera Investment Advisers raised its stake in Rexford Industrial Realty by 52.7% during the 2nd 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 during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Rexford Industrial Realty by 131.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 1,848 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 1.1%

Shares of NYSE REXR opened at $35.84 on Tuesday. The company's 50 day simple moving average is $35.54 and its 200 day simple moving average is $35.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $7.99 billion, a P/E ratio of -19.80, a P/E/G ratio of 1.50 and a beta of 1.19. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released 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%.The firm's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business 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 2.41 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty's payout ratio is currently -96.13%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial lowered their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Raymond James Financial began coverage on shares of Rexford Industrial Realty in a research report on Wednesday, June 17th. They issued an "underperform" rating for the company. JPMorgan Chase & Co. raised their price target on shares of 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, 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. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus target price of $40.71.

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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