CIBC Bancorp USA Inc. Takes Position in Rexford Industrial Realty, Inc. $REXR

CIBC Bancorp USA Inc. bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the third quarter, Holdings Channel reports. The fund bought 1,162,062 shares of the real estate investment trust’s stock, valued at approximately $47,772,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Soroban Capital Partners LP lifted its holdings in shares of Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after purchasing an additional 3,344,677 shares during the last quarter. Norges Bank purchased a new position in Rexford Industrial Realty in the 2nd quarter worth about $104,116,000. Royal London Asset Management Ltd. acquired a new stake in Rexford Industrial Realty during the 2nd quarter worth about $91,671,000. Nomura Holdings Inc. raised its holdings in Rexford Industrial Realty by 19,554.8% during the 2nd quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock worth $82,622,000 after buying an additional 2,310,988 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Rexford Industrial Realty by 5.7% during the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock valued at $1,154,629,000 after buying an additional 1,749,685 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Up 0.2%

Shares of NYSE REXR opened at $34.90 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. The business has a 50-day moving average price of $38.30 and a two-hundred day moving average price of $40.27. The firm has a market capitalization of $8.09 billion, a PE ratio of 41.05, a PEG ratio of 2.52 and a beta of 1.24.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.435 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.74 annualized dividend and a yield of 5.0%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 202.35%.

Insiders Place Their Bets

In related news, Director David P. Stockert purchased 5,000 shares of the stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the acquisition, the director directly owned 6,829 shares in the company, valued at approximately $255,336.31. The trade was a 273.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Fitzmaurice purchased 2,650 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the completion of the purchase, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at $530,694.15. The trade was a 23.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 12,960 shares of company stock worth $486,804 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

REXR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. iA Financial set a $45.00 price target on shares of Rexford Industrial Realty in a research report on Friday, February 6th. Scotiabank decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.92.

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.