Man Group plc Invests $7.39 Million in Rexford Industrial Realty, Inc. $REXR

Key Points

• Man Group initiated a $7.39 million position in Rexford Industrial Realty during the second quarter, acquiring 220,727 shares. Institutional investors and hedge funds collectively own 99.52% of REXR.
• 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.
• Rexford reported a quarterly loss of $2.26 per share, well below the $0.60 consensus estimate, while revenue of $243 million slightly exceeded expectations. The company declared a $0.435 quarterly dividend, equivalent to a 4.7% annualized yield.

Man Group plc acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 220,727 shares of the real estate investment trust's stock, valued at approximately $7,394,000. Man Group plc owned approximately 0.10% of Rexford Industrial Realty at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Jupiter Topco LLC purchased a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at approximately $3,419,000. Hsbc Holdings PLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth about $16,981,000. Canada Pension Plan Investment Board purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at about $12,088,000. Legal & General Group Plc acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth about $86,861,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Rexford Industrial Realty during the second quarter worth approximately $14,873,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analyst Weigh In

REXR has been the subject of a number of research reports. Mizuho boosted their price target on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 19th. Citigroup reiterated a "neutral" rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Truist Financial reduced their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Weiss Ratings downgraded Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Finally, Raymond James Financial reiterated an "underperform" rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.93.

Rexford Industrial Realty Stock Performance

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

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results 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). 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 for the quarter, compared to analysts' expectations of $240.24 million. During the same quarter last year, the business 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, research 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 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%.

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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