Rexford Industrial Realty, Inc. $REXR Shares Newly Purchased by Columbus Macro LLC

Columbus Macro LLC bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 206,252 shares of the real estate investment trust’s stock, valued at approximately $7,481,000.

Several other hedge funds have also modified their holdings of REXR. Krilogy Financial LLC purchased a new stake in shares of Rexford Industrial Realty during the third quarter valued at approximately $232,000. NorthCrest Asset Manangement LLC acquired a new position in shares of Rexford Industrial Realty during the third quarter worth $304,000. Wedmont Private Capital purchased a new position in shares of Rexford Industrial Realty in the third quarter valued at $238,000. GAMMA Investing LLC boosted its stake in shares of Rexford Industrial Realty by 94.3% in the third quarter. GAMMA Investing LLC now owns 6,651 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 3,228 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 50.4% in the third quarter. Farther Finance Advisors LLC now owns 2,775 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 930 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR traded down $0.33 during trading on Wednesday, reaching $37.51. The stock had a trading volume of 2,467,225 shares, compared to its average volume of 2,604,927. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $44.38. 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 market cap of $8.37 billion, a PE ratio of -20.73 and a beta of 1.18. The firm’s 50 day moving average price is $37.21 and its two-hundred day moving average price is $35.90.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The firm had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. During the same period in the prior year, the company posted $0.59 earnings per share. The business’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. On average, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.40 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.4350 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.6%. Rexford Industrial Realty’s payout ratio is presently -96.13%.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of Rexford Industrial Realty from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Scotiabank boosted their price objective on shares of Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a “sector outperform” rating in a report on Monday, August 31st. Barclays cut their price objective on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Mizuho raised shares of Rexford Industrial Realty from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $41.00 in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, September 1st. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.13.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.