Royal Bank of Canada Sells 84,052 Shares of Rexford Industrial Realty, Inc. $REXR

Royal Bank of Canada lowered its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 32.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,411 shares of the real estate investment trust’s stock after selling 84,052 shares during the period. Royal Bank of Canada’s holdings in Rexford Industrial Realty were worth $5,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Soroban Capital Partners LP boosted its holdings in Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after acquiring an additional 3,344,677 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth $91,671,000. Norges Bank bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at $73,777,000. Principal Financial Group Inc. increased its holdings in shares of Rexford Industrial Realty by 19.5% during the fourth 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 acquiring an additional 1,881,905 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Rexford Industrial Realty in the 4th quarter worth about $44,853,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Up 0.5%

Shares of NYSE:REXR opened at $36.38 on Thursday. The company has a market cap of $8.11 billion, a P/E ratio of -20.10, a PEG ratio of 1.50 and a beta of 1.19. 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 1 year low of $32.14 and a 1 year high of $44.38. The stock’s fifty day moving average price is $35.42 and its 200-day moving average price is $35.86.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing the consensus estimate 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 business had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. Rexford Industrial Realty’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. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.8%. Rexford Industrial Realty’s payout ratio is currently -96.13%.

Analyst Upgrades and Downgrades

REXR has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Weiss Ratings cut shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Scotiabank reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Wednesday. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.71.

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.