Rexford Industrial Realty, Inc. $REXR Shares Bought by Algert Global LLC

Algert Global LLC raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 36.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 661,260 shares of the real estate investment trust's stock after purchasing an additional 176,120 shares during the quarter. Algert Global LLC owned 0.30% of Rexford Industrial Realty worth $22,152,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings 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 worth $9,849,000 after buying an additional 8,506 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Rexford Industrial Realty by 309.8% in the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust's stock valued at $4,628,000 after acquiring an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Rexford Industrial Realty by 41.0% in the first 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 during the period. Cetera Investment Advisers increased its stake in shares of 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 worth $603,000 after acquiring an additional 5,854 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Rexford Industrial Realty by 131.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust's stock worth $116,000 after purchasing an additional 1,848 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

REXR has been the subject of a number of recent research reports. Weiss Ratings lowered Rexford Industrial Realty from a "hold (c)" rating to a "sell (d)" rating in a research note on Wednesday, July 29th. Scotiabank restated an "outperform" rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, August 3rd. Cantor Fitzgerald reiterated an "overweight" rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Finally, Evercore reissued an "outperform" rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the 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 Trading Up 1.3%

REXR stock opened at $37.70 on Tuesday. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The firm has a market cap of $8.41 billion, a P/E ratio of -20.83 and a beta of 1.19. The company's 50-day simple moving average is $35.79 and its 200-day simple moving average is $35.69.

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) earnings per share for the quarter, missing analysts' consensus estimates 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 business 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 posted $0.59 EPS. The business'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 forecast that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty's dividend payout ratio is presently -96.13%.

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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