Public Employees Retirement System of Ohio Invests $11.03 Million in Rexford Industrial Realty, Inc. $REXR

Key Points

• Public Employees Retirement System of Ohio acquired 329,256 Rexford Industrial Realty shares worth approximately $11.03 million, representing a 0.15% stake. Institutional investors collectively own 99.52% of the REIT.
• Rexford reported a quarterly loss of $2.26 per share, 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 per share, or $1.74 annualized, implying a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $41.07, compared with a share price of $37.09.

Public Employees Retirement System of Ohio purchased a new stake in shares of 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 fund purchased 329,256 shares of the real estate investment trust's stock, valued at approximately $11,030,000. Public Employees Retirement System of Ohio owned 0.15% of Rexford Industrial Realty at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Rexford Industrial Realty in the second quarter worth $1,293,168,000. GSA Capital Partners LLP acquired a new position in Rexford Industrial Realty during the second quarter valued at $2,864,000. Hsbc Holdings PLC raised its position in Rexford Industrial Realty by 17.7% during the fourth quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust's stock valued at $15,017,000 after buying an additional 58,270 shares during the period. Principal Financial Group Inc. lifted its stake in 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 worth $446,006,000 after acquiring an additional 1,881,905 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Rexford Industrial Realty by 7.8% in 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 in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $37.09 on Tuesday. The business's 50-day moving average price is $36.19 and its two-hundred day moving average price is $35.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $44.38. The company has a market capitalization of $8.27 billion, a P/E ratio of -20.49 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued 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 return on equity of 4.61% and a negative net margin of 39.22%.The firm had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. During the same period in the previous year, the company earned $0.59 earnings per share. The business's revenue for the quarter 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. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. Rexford Industrial Realty's dividend payout ratio is currently -96.13%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial lowered their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Barclays decreased 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 report on Thursday, July 16th. Wells Fargo & Company lowered their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Finally, Citigroup reiterated a "neutral" rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus price target of $41.07.

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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