Principal Financial Group Inc. Has $375.44 Million Holdings in Rexford Industrial Realty, Inc. $REXR

Principal Financial Group Inc. lessened its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,470,763 shares of the real estate investment trust’s stock after selling 47,976 shares during the quarter. Principal Financial Group Inc. owned about 0.05% of Rexford Industrial Realty worth $375,439,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of Rexford Industrial Realty in the 4th quarter valued at about $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $34,000. Wiser Advisor Group LLC acquired a new position in Rexford Industrial Realty during the third quarter valued at approximately $34,000. Allworth Financial LP increased its stake in Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Rexford Industrial Realty by 724.4% in the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 978 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the transaction, the general counsel owned 33,299 shares in the company, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $34.75 on Tuesday. The stock has a market capitalization of $7.84 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The stock has a 50 day moving average price of $34.73 and a 200 day moving average price of $36.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The company had revenue of $242.14 million for the quarter, compared to analysts’ expectations of $243.78 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Analysts predict that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio is presently 187.10%.

Wall Street Analyst Weigh In

REXR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Monday, April 13th. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company from $38.00 to $36.00 in a research note on Thursday, June 18th. Wells Fargo & Company reduced their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 1st. Finally, Mizuho decreased their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.62.

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.