Sumitomo Mitsui Trust Group Inc. Boosts Stake in Rexford Industrial Realty, Inc. $REXR

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 288.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,255,895 shares of the real estate investment trust’s stock after buying an additional 932,303 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Rexford Industrial Realty were worth $41,105,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Rexford Industrial Realty in the 4th quarter worth $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Rexford Industrial Realty during the 4th quarter valued at about $34,000. Wiser Advisor Group LLC purchased a new stake in Rexford Industrial Realty during the 3rd quarter valued at about $34,000. Allworth Financial LP increased its holdings in shares of 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 during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of 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 valued at $43,000 after purchasing an additional 978 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $34.09 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The business’s 50 day moving average is $34.75 and its two-hundred day moving average is $36.30. The company has a market capitalization of $7.69 billion, a P/E ratio of 36.65, a P/E/G ratio of 1.42 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.78 million. During the same period in the prior year, the company posted $0.62 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 187.10%.

Insider Activity

In other news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the sale, the general counsel owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of research reports. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the stock from $38.00 to $36.00 in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Sunday. Truist Financial reduced their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th. Finally, Mizuho dropped their price objective on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus price target of $40.62.

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.