Redwood Investment Management LLC Buys Shares of 34,610 Rexford Industrial Realty, Inc. $REXR

Redwood Investment Management LLC bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 34,610 shares of the real estate investment trust’s stock, valued at approximately $1,159,000.

A number of other institutional investors and hedge funds have also made changes to their positions in REXR. Royal Bank of Canada boosted its holdings in shares of Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after acquiring an additional 8,506 shares during the period. AQR Capital Management LLC increased its holdings in shares of Rexford Industrial Realty by 309.8% in the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after acquiring an additional 89,390 shares during the period. Goldman Sachs Group Inc. lifted its position in Rexford Industrial Realty by 41.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after purchasing an additional 526,877 shares during the last quarter. Cetera Investment Advisers lifted its position in Rexford Industrial Realty by 52.7% in the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock valued at $603,000 after purchasing an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Rexford Industrial Realty by 131.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,848 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $37.33 on Thursday. The firm has a 50-day moving average price of $35.96 and a 200 day moving average price of $35.66. The firm has a market capitalization of $8.32 billion, a PE ratio of -20.62 and a beta of 1.19. 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 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 company 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 firm posted $0.59 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. 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 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.7%. Rexford Industrial Realty’s payout ratio is presently -96.13%.

Analyst Ratings Changes

Several research firms have commented on REXR. Jefferies Financial Group cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Thursday, August 6th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Scotiabank reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Wednesday, August 12th. Truist Financial lowered their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and an average price target of $40.93.

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.