Royal Bank of Canada Decreases Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Key Points

• Royal Bank of Canada cut its Rexford Industrial Realty stake by 32.9% in the first quarter, selling 84,052 shares and retaining 171,411 shares valued at approximately $5.61 million. Institutional investors collectively own 99.52% of REXR.
• Analyst sentiment remains mixed: five analysts rate the stock Buy, six Hold, and four Sell, resulting in an overall “Hold” rating and an average price target of $40.71.
• REXR reported a quarterly loss of $2.26 per share, missing estimates of $0.60, although revenue of $243 million exceeded expectations. The company declared a quarterly dividend of $0.435 per share, implying a 4.8% annualized yield.

Royal Bank of Canada trimmed its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,411 shares of the real estate investment trust's stock after selling 84,052 shares during the period. Royal Bank of Canada owned about 0.08% of Rexford Industrial Realty worth $5,610,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the 3rd quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Rexford Industrial Realty in the 4th quarter worth approximately $34,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Rexford Industrial Realty in the 1st quarter worth approximately $33,000. Los Angeles Capital Management LLC purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $45,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Rexford Industrial Realty by 724.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 978 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on REXR shares. Evercore reaffirmed an "outperform" rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Barclays reduced their price objective on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Finally, Citigroup reaffirmed a "neutral" rating on shares of Rexford Industrial Realty in a research report 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, the stock currently has an average rating of "Hold" and an average target price of $40.71.

Rexford Industrial Realty Trading Up 0.5%

REXR opened at $36.38 on Thursday. The stock has a market cap of $8.11 billion, a PE ratio of -20.10, a PEG ratio of 1.50 and a beta of 1.19. 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 business has a 50 day moving average of $35.42 and a 200-day moving average of $35.86. 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 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). The firm had revenue of $243.00 million during the quarter, compared to analysts' expectations of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.Rexford Industrial Realty's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.41 earnings per share 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 given a $0.435 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.8%. Rexford Industrial Realty's dividend payout ratio is currently -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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