Rexford Industrial Realty, Inc. $REXR Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,528 shares of the real estate investment trust’s stock after buying an additional 52,029 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Rexford Industrial Realty were worth $14,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Rexford Industrial Realty by 24.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock valued at $12,529,000 after acquiring an additional 63,313 shares during the period. Hsbc Holdings PLC grew its position in shares of Rexford Industrial Realty by 17.7% during the fourth quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust’s stock worth $15,017,000 after buying an additional 58,270 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Rexford Industrial Realty during the fourth quarter worth approximately $2,347,000. William Blair Investment Management LLC increased its stake in shares of Rexford Industrial Realty by 7.8% during the fourth quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock worth $36,207,000 after buying an additional 67,276 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Rexford Industrial Realty by 19.5% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.2%

Shares of NYSE:REXR opened at $37.84 on Monday. The company has a market capitalization of $8.44 billion, a PE ratio of -20.91, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a twelve month low of $32.14 and a twelve month high of $44.38. The firm has a 50 day simple moving average of $35.20 and a 200-day simple moving average of $36.07.

Rexford Industrial Realty (NYSE:REXR) last issued its 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). The company had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is currently -96.13%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on REXR shares. JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $38.00 to $36.00 in a research report on Wednesday, June 17th. Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wells Fargo & Company decreased their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, June 1st. Finally, Weiss Ratings cut Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.38.

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.