Paralel Advisors LLC Acquires Shares of 40,000 Rexford Industrial Realty, Inc. $REXR

Key Points

• Paralel Advisors acquired 40,000 shares of Rexford Industrial Realty worth approximately $1.34 million during the second quarter. Institutional investors and hedge funds collectively own 99.52% of REXR.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $40.93. Recent target cuts and “underperform” or “strong sell” calls contrast with several existing Buy ratings.
• Rexford reported a quarterly EPS loss of $2.26, missing estimates by $2.86, although revenue of $243 million exceeded expectations. The company announced a $0.435 quarterly dividend, equivalent to a 4.7% annualized yield.

Paralel Advisors LLC 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 SEC. The institutional investor acquired 40,000 shares of the real estate investment trust's stock, valued at approximately $1,340,000.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at $1,293,168,000. Price T Rowe Associates Inc. MD increased its position in shares of Rexford Industrial Realty by 2.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust's stock worth $1,097,172,000 after purchasing an additional 667,594 shares in the last quarter. State Street Corp increased its position in shares of Rexford Industrial Realty by 4.9% during the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust's stock worth $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Rexford Industrial Realty by 19.5% during 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 purchasing an additional 1,881,905 shares during the last quarter. Finally, Soroban Capital Partners LP lifted its holdings in Rexford Industrial Realty by 57.2% during the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust's stock valued at $326,925,000 after purchasing an additional 3,344,677 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REXR has been the topic of several research analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Truist Financial cut their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Barclays reduced their target price on Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a report on Thursday, July 16th. Raymond James Financial restated an "underperform" rating on shares of Rexford Industrial Realty in a research report on Wednesday. Finally, Wall Street Zen cut Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. 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, the company currently has a consensus rating of "Hold" and an average price target of $40.93.

Rexford Industrial Realty Trading Down 1.2%

Shares of NYSE REXR opened at $37.11 on Friday. Rexford Industrial Realty, Inc. has a 1-year low of $32.14 and a 1-year high of $44.38. The company has a 50-day moving average of $35.69 and a two-hundred day moving average of $35.73. The company has a market cap of $8.28 billion, a PE ratio of -20.50, a P/E/G ratio of 1.56 and a beta of 1.19. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly 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). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. During the same period last year, the company earned $0.59 earnings per share. Rexford Industrial Realty's revenue for the quarter 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. As a group, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.435 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. Rexford Industrial Realty's payout ratio is presently -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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