William Blair Investment Management LLC Makes New $18.66 Million Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• William Blair Investment Management bought 556,914 shares of Rexford Industrial Realty worth approximately $18.66 million, acquiring about 0.25% of the REIT. Institutional investors collectively own 99.52% of the company.
• Rexford reported quarterly revenue of $243 million, slightly above estimates, but posted a loss of $2.26 per share versus expectations for $0.60 in earnings. Revenue declined 1.6% year over year, while full-year 2026 EPS guidance was set at $2.38–$2.43.
• The company declared a quarterly dividend of $0.435 per share, implying an annualized dividend of $1.74 and a 4.7% yield. Analysts hold a consensus “Hold” rating with an average price target of $40.93, compared with the reported share price of $37.19.

William Blair Investment Management LLC purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 556,914 shares of the real estate investment trust's stock, valued at approximately $18,657,000. William Blair Investment Management LLC owned approximately 0.25% of Rexford Industrial Realty as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in shares of Rexford Industrial Realty by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust's stock worth $1,261,000 after buying an additional 362 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Rexford Industrial Realty by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust's stock worth $1,256,000 after buying an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Rexford Industrial Realty by 8.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust's stock valued at $189,000 after acquiring an additional 387 shares during the last quarter. Koa Wealth Management LLC grew its stake in Rexford Industrial Realty by 0.9% in the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust's stock valued at $1,514,000 after acquiring an additional 408 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Rexford Industrial Realty by 13.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust's stock valued at $125,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Trading Up 0.4%

NYSE REXR opened at $37.19 on Friday. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of -20.55, a PEG ratio of 1.55 and a beta of 1.19. 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, Inc. has a one year low of $32.14 and a one year high of $44.38. The company's 50 day moving average price is $35.74 and its 200 day moving average price is $35.74.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued 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 return on equity of 4.61% and a negative net margin of 39.22%.The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on REXR. Truist Financial cut their price target on Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective 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. Mizuho lifted their price objective on Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen downgraded shares of Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group downgraded shares of Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $40.93.

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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