BlackRock Inc. Makes New Investment in Rexford Industrial Realty, Inc. $REXR

BlackRock Inc. acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 38,602,017 shares of the real estate investment trust’s stock, valued at approximately $1,293,168,000. BlackRock Inc. owned approximately 0.17% of Rexford Industrial Realty at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in Rexford Industrial Realty by 17.7% during the 4th quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust’s stock worth $15,017,000 after buying an additional 58,270 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at $2,864,000. Principal Financial Group Inc. increased its stake in shares of Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after buying an additional 1,881,905 shares during the period. William Blair Investment Management LLC raised its position in shares of Rexford Industrial Realty by 7.8% during the fourth quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock worth $36,207,000 after acquiring an additional 67,276 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Rexford Industrial Realty by 5,347.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 156,941 shares of the real estate investment trust’s stock worth $6,077,000 after acquiring an additional 154,060 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $37.11 on Friday. The stock has a market cap of $8.28 billion, a PE ratio of -20.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.19. The stock has a 50-day moving average of $35.69 and a 200-day moving average of $35.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The firm had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. During the same period in the prior year, the business earned $0.59 earnings per share. The company’s revenue for the quarter 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. As a group, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s payout ratio is -96.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Raymond James Financial restated an “underperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Finally, Scotiabank reissued an “outperform” rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 12th. 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.