First Trust Advisors LP Purchases 18,858 Shares of Rexford Industrial Realty, Inc. $REXR

First Trust Advisors LP boosted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 32.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,973 shares of the real estate investment trust’s stock after buying an additional 18,858 shares during the quarter. First Trust Advisors LP’s holdings in Rexford Industrial Realty were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Rexford Industrial Realty in the 4th quarter worth approximately $31,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rexford Industrial Realty in the 1st quarter valued at approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Rexford Industrial Realty during the fourth quarter valued at $34,000. Wiser Advisor Group LLC purchased a new position in Rexford Industrial Realty during the 3rd quarter valued at about $34,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Rexford Industrial Realty by 724.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 978 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Price Performance

REXR stock opened at $36.78 on Friday. The firm has a market capitalization of $8.20 billion, a P/E ratio of -20.32, a price-to-earnings-growth ratio of 1.52 and a beta of 1.19. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $35.30 and a two-hundred day simple moving average of $35.96.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REXR. Mizuho dropped their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Wall Street Zen downgraded Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Barclays cut their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. Scotiabank upgraded Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the stock from $38.00 to $36.00 in a research report on Thursday, June 18th. Finally, Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a research note on Monday, July 27th. Five equities research 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.com, the company has an average rating of “Hold” and an average price target of $40.57.

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.