The Manufacturers Life Insurance Company Buys New Stake in Rexford Industrial Realty, Inc. $REXR

The Manufacturers Life Insurance Company bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 443,964 shares of the real estate investment trust's stock, valued at approximately $14,873,000. The Manufacturers Life Insurance Company owned approximately 0.20% of Rexford Industrial Realty at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new position in Rexford Industrial Realty during the 1st quarter valued at about $33,000. Allworth Financial LP bought a new stake in Rexford Industrial Realty during the second quarter worth approximately $33,000. Wiser Advisor Group LLC acquired a new stake in Rexford Industrial Realty in the third quarter worth approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Rexford Industrial Realty in the fourth quarter worth approximately $34,000. Finally, Meeder Asset Management Inc. boosted its stake in Rexford Industrial Realty by 724.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 978 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on REXR. Scotiabank reiterated an "outperform" rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 12th. Truist Financial decreased their target price on 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. Wells Fargo & Company lowered their target price on Rexford Industrial Realty from $45.00 to $44.00 and set an "overweight" rating on the stock in a report on Monday, June 1st. Raymond James Financial reiterated an "underperform" rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 19th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and a consensus price target of $40.93.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $37.12 on Friday. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of -20.51 and a beta of 1.19. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The firm's 50 day moving average price is $36.12 and its two-hundred day moving average price is $35.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. Rexford Industrial Realty's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, research analysts predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Rexford Industrial Realty 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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