Rexford Industrial Realty, Inc. $REXR Shares Newly Purchased by Columbus Macro LLC

Key Points

• Columbus Macro LLC purchased 206,252 shares of Rexford Industrial Realty in the third quarter, worth approximately $7.5 million. Institutional investors and hedge funds now own 99.52% of the company.
• Analysts have mixed views on REXR, with a consensus rating of “Hold” and an average price target of $41.13; individual targets range from $39 to $40 among recently updated ratings.
• Rexford shares recently fell 0.9% to $37.51. The company declared a quarterly dividend of $0.435 per share, equal to an annualized $1.74 payout and a 4.6% yield.

Columbus Macro LLC purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 206,252 shares of the real estate investment trust's stock, valued at approximately $7,481,000. Columbus Macro LLC owned about 0.09% of Rexford Industrial Realty at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Krilogy Financial LLC acquired a new stake in shares of Rexford Industrial Realty during the third quarter valued at $232,000. NorthCrest Asset Manangement LLC acquired a new position in Rexford Industrial Realty in the 3rd quarter valued at about $304,000. Wedmont Private Capital acquired a new position in Rexford Industrial Realty in the 3rd quarter valued at about $238,000. GAMMA Investing LLC lifted its holdings in Rexford Industrial Realty by 94.3% in the 3rd quarter. GAMMA Investing LLC now owns 6,651 shares of the real estate investment trust's stock valued at $241,000 after purchasing an additional 3,228 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Rexford Industrial Realty by 50.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,775 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 930 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on REXR shares. BMO Capital Markets boosted their price target on Rexford Industrial Realty from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Monday, September 28th. Scotiabank raised their price objective on Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a "sector outperform" rating in a report on Monday, August 31st. Jefferies Financial Group downgraded Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 price objective for the company. in a research report on Thursday, August 6th. Citigroup reaffirmed a "neutral" rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upped their target price on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Rexford Industrial Realty has a consensus rating of "Hold" and a consensus price target of $41.13.

Rexford Industrial Realty Trading Down 0.9%

NYSE REXR traded down $0.33 during mid-day trading on Wednesday, hitting $37.51. The company's stock had a trading volume of 2,467,225 shares, compared to its average volume of 2,604,927. The firm has a market capitalization of $8.37 billion, a P/E ratio of -20.73 and a beta of 1.18. 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 52-week low of $32.14 and a 52-week high of $44.38. The stock's fifty day simple moving average is $37.21 and its two-hundred day simple moving average is $35.90.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) 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 business had revenue of $243.00 million for the quarter, compared to analysts' expectations of $240.24 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Rexford Industrial Realty's quarterly 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. Research analysts expect that Rexford Industrial Realty, Inc. will post 2.40 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.4350 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. Rexford Industrial Realty's payout ratio is presently -96.13%.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford's portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.

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