Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in Rexford Industrial Realty, Inc. $REXR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 21.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,677 shares of the real estate investment trust’s stock after buying an additional 29,307 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rexford Industrial Realty were worth $5,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of REXR. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 24.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock worth $12,529,000 after acquiring an additional 63,313 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of 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 valued at $15,017,000 after purchasing an additional 58,270 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $2,347,000. William Blair Investment Management LLC raised its position in Rexford Industrial Realty by 7.8% in the 4th quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock worth $36,207,000 after purchasing an additional 67,276 shares during the period. Finally, Principal Financial Group Inc. raised its position in 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 worth $446,006,000 after purchasing an additional 1,881,905 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

REXR stock opened at $35.55 on Wednesday. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 1.45 and a beta of 1.21. The firm’s 50-day moving average price is $34.73 and its two-hundred day moving average price is $36.24. 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.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $242.14 million during the quarter, compared to analyst estimates of $243.78 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. Rexford Industrial Realty’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.4 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 Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.435 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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. Raymond James Financial began coverage on Rexford Industrial Realty in a research note on Wednesday, June 17th. They set an “underperform” rating on the stock. Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $38.00 to $36.00 in a research note on Wednesday, June 17th. Finally, Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.62.

Insiders Place Their Bets

In other news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the sale, the general counsel directly owned 33,299 shares in the company, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

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.