UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Rexford Industrial Realty, Inc. $REXR

Key Points

• UBS Asset Management sharply increased its Rexford Industrial Realty stake by 41,558.2% in the second quarter, adding 1.65 million shares to own approximately 0.74% of the REIT. Institutional investors collectively hold 99.52% of REXR’s outstanding shares.
• Analyst sentiment remains mixed, with five Buy, six Hold and four Sell ratings; the stock has an average rating of Hold and a consensus price target of $41.00.
• Rexford reported a quarterly loss of $2.26 per share, missing estimates by $2.86, while revenue reached $243 million. The company declared a quarterly dividend of $0.435, equivalent to a 4.8% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 41,558.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,654,665 shares of the real estate investment trust's stock after acquiring an additional 1,650,693 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.74% of Rexford Industrial Realty worth $55,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of REXR. Cassaday & Co Wealth Management LLC acquired a new position in shares of Rexford Industrial Realty during the first quarter worth $33,000. Allworth Financial LP acquired a new stake in shares of Rexford Industrial Realty in the 2nd quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty in the 4th quarter worth $34,000. Wiser Advisor Group LLC purchased a new position in Rexford Industrial Realty during the 3rd quarter worth $34,000. Finally, Caitlin John LLC purchased a new position in Rexford Industrial Realty during the 2nd quarter worth $36,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REXR has been the subject of a number of research analyst reports. Raymond James Financial reiterated an "underperform" rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Scotiabank boosted their price target on Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a "sector outperform" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, August 3rd. Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Wells Fargo & Company lowered their target price on shares of Rexford Industrial Realty from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.00.

Rexford Industrial Realty Stock Performance

REXR opened at $36.62 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The firm has a 50 day moving average of $36.32 and a two-hundred day moving average of $35.62. The firm has a market capitalization of $8.17 billion, a PE ratio of -20.23 and a beta of 1.18.

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) EPS for the quarter, missing the consensus estimate of $0.60 by ($2.86). The business had revenue of $243.00 million during the quarter, compared to analysts' expectations of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The firm's revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty's dividend payout ratio is presently -96.13%.

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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