Diamond Hill Capital Management LLC Investment Advisor Takes $9.05 Million Position in Rexford Industrial Realty, Inc. $REXR

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the second quarter, HoldingsChannel reports. The fund purchased 270,242 shares of the real estate investment trust’s stock, valued at approximately $9,053,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC acquired a new position in Rexford Industrial Realty in the first quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Rexford Industrial Realty during the fourth quarter worth about $34,000. Wiser Advisor Group LLC acquired a new stake in Rexford Industrial Realty during the third quarter worth about $34,000. Meeder Asset Management Inc. grew its stake in Rexford Industrial Realty by 724.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 978 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Rexford Industrial Realty in the 4th quarter valued at about $45,000. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on REXR shares. Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Barclays decreased their price objective on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Scotiabank restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Finally, Weiss Ratings downgraded Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. 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. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $40.71.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $35.84 on Tuesday. The business has a 50 day moving average of $35.54 and a 200-day moving average of $35.79. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market capitalization of $7.99 billion, a P/E ratio of -19.80, a P/E/G ratio of 1.50 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business 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 quarter last year, the firm posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.435 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio is presently -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.