45,532 Shares in Rexford Industrial Realty, Inc. $REXR Purchased by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 2nd quarter, HoldingsChannel reports. The fund acquired 45,532 shares of the real estate investment trust’s stock, valued at approximately $1,525,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $1,293,168,000. Soroban Capital Partners LP raised its holdings in shares of Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after purchasing an additional 3,344,677 shares during the period. Royal London Asset Management Ltd. purchased a new position in Rexford Industrial Realty in the second quarter valued at approximately $91,671,000. Norges Bank purchased a new position in Rexford Industrial Realty in the fourth quarter valued at approximately $73,777,000. Finally, Principal Financial Group Inc. grew its holdings in 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 purchasing an additional 1,881,905 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on REXR. Truist Financial lowered their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Wall Street Zen lowered Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Wells Fargo & Company lowered their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, June 1st. Finally, Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.93.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $37.19 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The firm has a market cap of $8.29 billion, a PE ratio of -20.55 and a beta of 1.19. The business has a 50 day moving average price of $35.74 and a 200-day moving average price of $35.71.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results 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 firm had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’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. Equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid 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 of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is -96.13%.

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.