Louisiana State Employees Retirement System Buys Shares of 66,800 Rexford Industrial Realty, Inc. $REXR

Louisiana State Employees Retirement System bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 66,800 shares of the real estate investment trust’s stock, valued at approximately $2,186,000.

Several other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Rexford Industrial Realty during the 4th quarter valued at about $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Rexford Industrial Realty during the fourth quarter worth about $34,000. Wiser Advisor Group LLC purchased a new position in Rexford Industrial Realty during the third quarter worth about $34,000. Allworth Financial LP boosted its holdings in Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Rexford Industrial Realty by 724.4% in the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 0.6%

Shares of REXR stock opened at $34.15 on Tuesday. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The company has a 50 day moving average price of $35.15 and a 200 day moving average price of $36.75. The stock has a market capitalization of $7.71 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

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

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.435 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a yield of 5.1%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $38.00 to $36.00 in a report on Wednesday, June 17th. Mizuho decreased their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Scotiabank upgraded Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and lowered their price objective for the stock from $38.00 to $36.00 in a research report on Thursday, June 18th. Wells Fargo & Company cut their target price on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, June 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.62.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.