Meeder Asset Management Inc. Buys New Stake in Rexford Industrial Realty, Inc. $REXR

Meeder Asset Management Inc. purchased a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,816 shares of the real estate investment trust’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 362 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Rexford Industrial Realty by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 387 shares during the period. Koa Wealth Management LLC lifted its position in shares of Rexford Industrial Realty by 0.9% during the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after buying an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Rexford Industrial Realty by 13.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 441 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

REXR has been the topic of a number of analyst reports. Scotiabank reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 12th. Truist Financial cut their price objective on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Weiss Ratings downgraded shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and a consensus price target of $40.71.

Rexford Industrial Realty Stock Up 3.3%

Shares of REXR opened at $37.05 on Wednesday. The company has a market capitalization of $8.26 billion, a P/E ratio of -20.47, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $44.38. The business’s 50 day simple moving average is $35.59 and its 200-day simple moving average is $35.77.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results 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). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued 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 is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is presently -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.