NewEdge Advisors LLC Acquires 15,489 Shares of Rexford Industrial Realty, Inc. $REXR

NewEdge Advisors LLC boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 182.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 23,989 shares of the real estate investment trust’s stock after acquiring an additional 15,489 shares during the period. NewEdge Advisors LLC’s holdings in Rexford Industrial Realty were worth $785,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. Royal Bank of Canada boosted its position in shares of Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock worth $9,849,000 after purchasing an additional 8,506 shares during the last quarter. AQR Capital Management LLC increased its holdings in Rexford Industrial Realty by 309.8% in the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after buying an additional 526,877 shares during the period. Cetera Investment Advisers boosted its holdings in Rexford Industrial Realty by 52.7% during the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Rexford Industrial Realty by 131.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,848 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of recent analyst reports. Mizuho upped their price target on Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen cut shares of Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Finally, Wells Fargo & Company cut their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. Five investment 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’s stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $40.93.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $37.58 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $8.38 billion, a P/E ratio of -20.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The company’s 50 day moving average price is $35.64 and its two-hundred day moving average price is $35.76. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week 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 for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, analysts expect that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is -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.