Mitsubishi UFJ Asset Management Co. Ltd. Invests $6.46 Million in Rexford Industrial Realty, Inc. $REXR

Key Points

• Mitsubishi UFJ Asset Management acquired 192,759 shares of Rexford Industrial Realty worth approximately $6.46 million, taking a 0.09% stake. Institutional investors and hedge funds collectively own 99.52% of the REIT.
• Rexford reported a quarterly loss of $2.26 per share, significantly missing the $0.60 consensus estimate, while revenue of $243 million slightly exceeded expectations and declined 1.6% year over year.
• The company declared a quarterly dividend of $0.435, equating to an annualized $1.74 payout and a 4.7% yield. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $40.93 versus the stock’s $37.19 opening price.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 192,759 shares of the real estate investment trust's stock, valued at approximately $6,457,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Rexford Industrial Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in 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 buying an additional 8,506 shares during the period. AQR Capital Management LLC boosted 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 acquiring an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock worth $70,931,000 after acquiring an additional 526,877 shares in the last quarter. Cetera Investment Advisers increased its stake in Rexford Industrial Realty by 52.7% in the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust's stock valued at $603,000 after acquiring an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Rexford Industrial Realty by 131.6% in 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 acquiring an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

REXR stock opened at $37.19 on Friday. The company has a market capitalization of $8.29 billion, a P/E ratio of -20.55, a PEG ratio of 1.54 and a beta of 1.19. The company has a fifty day moving average price of $35.74 and a 200-day moving average price of $35.74. 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, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued 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 business had revenue of $243.00 million during 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 business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.435 dividend. 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 payout ratio is -96.13%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a research note on Thursday, August 6th. Wells Fargo & Company decreased their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an "overweight" rating on the stock in a research note on Monday, June 1st. Cantor Fitzgerald reissued an "overweight" rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, August 3rd. Finally, Barclays reduced their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.93.

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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