75,217 Shares in Rexford Industrial Realty, Inc. $REXR Purchased by Westpac Banking Corp

Westpac Banking Corp acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 75,217 shares of the real estate investment trust’s stock, valued at approximately $2,520,000.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $1,293,168,000. Soroban Capital Partners LP raised its holdings in shares of 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 buying an additional 3,344,677 shares during the period. Royal London Asset Management Ltd. purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth approximately $91,671,000. Norges Bank bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth approximately $73,777,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Rexford Industrial Realty by 19.5% during 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 acquiring an additional 1,881,905 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $37.19 on Friday. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of -20.55, a PEG ratio of 1.54 and a beta of 1.19. The company’s 50 day moving average is $35.74 and its 200 day moving average is $35.74. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, sell-side analysts anticipate 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 Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is -96.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on REXR shares. Wall Street Zen downgraded Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Citigroup reissued a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Raymond James Financial restated an “underperform” rating on shares of Rexford Industrial Realty in a report on Wednesday. Truist Financial reduced their price target on shares of 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. Finally, Weiss Ratings lowered shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.93.

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.