Jupiter Topco LLC Acquires New Position in Rexford Industrial Realty, Inc. $REXR

Key Points

• Jupiter Topco acquired 102,083 shares of Rexford Industrial Realty valued at approximately $3.4 million. Institutional investors collectively own 99.52% of the REIT, with BlackRock also establishing a significant new position.
• Analyst sentiment is mixed: five analysts rate the stock a Buy, six a Hold and four a Sell, producing a consensus Hold rating and an average price target of $41.00.
• REXR shares opened at $37.06, while the company reported a quarterly revenue of $243 million but missed EPS estimates. Rexford declared a quarterly dividend of $0.435 per share, representing a 4.7% annualized yield.

Jupiter Topco LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 102,083 shares of the real estate investment trust's stock, valued at approximately $3,419,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Rexford Industrial Realty during the second quarter worth about $1,293,168,000. GSA Capital Partners LLP bought a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at about $2,864,000. Hsbc Holdings PLC raised its position in shares of Rexford Industrial Realty by 17.7% in the 4th quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust's stock valued at $15,017,000 after acquiring an additional 58,270 shares during the period. Principal Financial Group Inc. raised its position in shares of Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust's stock valued at $446,006,000 after acquiring an additional 1,881,905 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Rexford Industrial Realty by 7.8% during the 4th quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust's stock worth $36,207,000 after acquiring an additional 67,276 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on REXR. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Raymond James Financial reissued an "underperform" rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Wall Street Zen downgraded Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Truist Financial dropped 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. Finally, Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.00.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $37.06 on Wednesday. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The company's fifty day simple moving average is $36.26 and its 200-day simple moving average is $35.62. The firm has a market cap of $8.26 billion, a PE ratio of -20.48 and a beta of 1.19. 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 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). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business 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 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 is -96.13%.

About Rexford Industrial Realty

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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