Hsbc Holdings PLC Buys 58,270 Shares of Rexford Industrial Realty, Inc. $REXR

Hsbc Holdings PLC lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387,836 shares of the real estate investment trust’s stock after purchasing an additional 58,270 shares during the period. Hsbc Holdings PLC’s holdings in Rexford Industrial Realty were worth $15,017,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Rexford Industrial Realty by 24.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock worth $12,529,000 after acquiring an additional 63,313 shares during the last quarter. Vestcor Inc bought a new position in Rexford Industrial Realty in the third quarter valued at about $1,794,000. Barclays PLC boosted its holdings in Rexford Industrial Realty by 175.0% in the third quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock valued at $82,011,000 after acquiring an additional 1,269,603 shares during the last quarter. AR Asset Management Inc. boosted its holdings in Rexford Industrial Realty by 28.2% in the third quarter. AR Asset Management Inc. now owns 77,050 shares of the real estate investment trust’s stock valued at $3,168,000 after acquiring an additional 16,950 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Rexford Industrial Realty in the fourth quarter worth about $2,347,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 0.5%

NYSE REXR opened at $33.48 on Friday. The stock has a 50-day simple moving average of $35.21 and a 200 day simple moving average of $36.82. The company has a market capitalization of $7.56 billion, a PE ratio of 36.00, a P/E/G ratio of 1.40 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The firm had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.78 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on REXR. Mizuho dropped their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Wells Fargo & Company reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, June 1st. Raymond James Financial started coverage on shares of Rexford Industrial Realty in a research report on Wednesday, June 17th. They set an “underperform” rating for the company. Scotiabank raised shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the stock from $38.00 to $36.00 in a research note on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.62.

Insider Buying and Selling at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the transaction, the general counsel owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

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.