Soroban Capital Partners LP Reduces Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Soroban Capital Partners LP lessened its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 60.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,625,821 shares of the real estate investment trust’s stock after selling 5,565,217 shares during the quarter. Rexford Industrial Realty makes up about 0.2% of Soroban Capital Partners LP’s holdings, making the stock its 25th largest position. Soroban Capital Partners LP’s holdings in Rexford Industrial Realty were worth $118,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC grew its stake in Rexford Industrial Realty by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 362 shares during the last quarter. IFM Investors Pty Ltd raised its position in Rexford Industrial Realty by 1.0% during the first quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 370 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Rexford Industrial Realty by 8.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 387 shares during the last quarter. Koa Wealth Management LLC raised its position in Rexford Industrial Realty by 0.9% during the first quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after acquiring an additional 408 shares during the last quarter. Finally, Brookwood Investment Group LLC lifted its holdings in shares of Rexford Industrial Realty by 4.4% in the fourth quarter. Brookwood Investment Group LLC now owns 10,672 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 445 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Rexford Industrial Realty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Raymond James Financial assumed coverage on Rexford Industrial Realty in a research report on Wednesday, June 17th. They set an “underperform” rating for the company. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Truist Financial lowered their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Barclays dropped their price target on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.38.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $38.80 on Tuesday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of -21.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. The company has a current ratio of 1.70, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average is $35.00 and its two-hundred day moving average is $36.12. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). The firm 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%.Rexford Industrial Realty’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Research analysts expect that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.5%. 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.