BNP Paribas Financial Markets Has $35.42 Million Stock Position in Rexford Industrial Realty, Inc. $REXR

BNP Paribas Financial Markets raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 914,878 shares of the real estate investment trust’s stock after purchasing an additional 25,308 shares during the period. BNP Paribas Financial Markets’ holdings in Rexford Industrial Realty were worth $35,424,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Principal Financial Group Inc. raised its position in Rexford Industrial Realty by 19.5% during the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after purchasing an additional 1,881,905 shares in the last quarter. Soroban Capital Partners LP raised its position in 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 in the last quarter. JPMorgan Chase & Co. raised its position in Rexford Industrial Realty by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock valued at $159,836,000 after purchasing an additional 161,589 shares in the last quarter. Finally, Northern Trust Corp raised its position in Rexford Industrial Realty by 0.6% during the third quarter. Northern Trust Corp now owns 3,518,818 shares of the real estate investment trust’s stock valued at $144,659,000 after purchasing an additional 20,096 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on REXR. Wall Street Zen upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank lowered their price target on shares of Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating for the company in a report on Thursday, May 21st. Citigroup lowered their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Cantor Fitzgerald reduced their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.46.

Rexford Industrial Realty Price Performance

REXR stock opened at $34.08 on Thursday. The stock has a market capitalization of $7.69 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company’s 50-day moving average is $35.05 and its 200-day moving average is $37.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $242.14 million for the quarter, compared to analysts’ expectations of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio is 187.10%.

Insider Transactions at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 23,132 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the transaction, the chief executive officer owned 560,406 shares of the company’s stock, valued at $19,776,727.74. This represents a 3.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction dated 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 transaction, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by corporate insiders.

Rexford Industrial Realty 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.