Freestone Grove Partners LP Takes $1.33 Million Position in Rexford Industrial Realty, Inc. $REXR

Key Points

• Freestone Grove Partners acquired 39,592 shares of Rexford Industrial Realty worth approximately $1.33 million, while institutional investors collectively own 99.52% of the REIT.
• Analyst sentiment is mixed, with five Buy, six Hold, and four Sell ratings; the consensus rating is Hold with a $40.93 price target.
• Rexford reported a quarterly loss of $2.26 per share despite revenue of $243 million, and declared a quarterly dividend of $0.435 per share, representing a 4.7% annualized yield.

Freestone Grove Partners LP purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,592 shares of the real estate investment trust's stock, valued at approximately $1,326,000.

Several other hedge funds have also made changes to their positions in REXR. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the 3rd quarter worth $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Rexford Industrial Realty in the fourth quarter valued at $34,000. Allworth Financial LP bought a new stake in Rexford Industrial Realty in the second quarter valued at $33,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Rexford Industrial Realty during the first quarter valued at $33,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Rexford Industrial Realty during the fourth quarter valued at $45,000. Institutional investors own 99.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating for the company in a research report on Thursday, July 16th. Raymond James Financial reissued an "underperform" rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Weiss Ratings lowered shares of Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Wells Fargo & Company cut their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, June 1st. Finally, Truist Financial reduced their price objective on Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. 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 data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of "Hold" and a consensus price target of $40.93.

Rexford Industrial Realty Stock Performance

REXR stock opened at $37.12 on Friday. The company has a market capitalization of $8.28 billion, a P/E ratio of -20.51 and a beta of 1.19. The company has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $35.65. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week 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.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released 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). The company 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 firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal 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 paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is currently -96.13%.

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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