118,646 Shares in Rexford Industrial Realty, Inc. $REXR Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the second quarter, Holdings Channel reports. The institutional investor acquired 118,646 shares of the real estate investment trust’s stock, valued at approximately $3,975,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Rexford Industrial Realty by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock worth $1,097,172,000 after buying an additional 667,594 shares during the last quarter. State Street Corp raised its position in shares of Rexford Industrial Realty by 4.9% in the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after acquiring an additional 556,810 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 valued at $446,006,000 after acquiring an additional 1,881,905 shares during the period. Soroban Capital Partners LP boosted its stake in Rexford Industrial Realty by 57.2% during 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 acquiring an additional 3,344,677 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Rexford Industrial Realty by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,581,987 shares of the real estate investment trust’s stock worth $117,239,000 after acquiring an additional 85,135 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $37.74 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a 50 day simple moving average of $35.86 and a 200 day simple moving average of $35.66. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38. The firm has a market capitalization of $8.41 billion, a PE ratio of -20.85 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (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 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%.Rexford Industrial Realty’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal 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 issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is -96.13%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Raymond James Financial reissued an “underperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 19th. Truist Financial decreased their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Wells Fargo & Company lowered their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 1st. Finally, Jefferies Financial Group cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average target price of $40.93.

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.