506,469 Shares in Rexford Industrial Realty, Inc. $REXR Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, Holdings Channel.com reports. The fund bought 506,469 shares of the real estate investment trust’s stock, valued at approximately $16,981,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in REXR. Wiser Advisor Group LLC purchased a new stake in Rexford Industrial Realty in the 3rd quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Rexford Industrial Realty in the 4th quarter valued at about $34,000. Allworth Financial LP acquired a new stake in shares of Rexford Industrial Realty during the 2nd quarter worth about $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Rexford Industrial Realty during the first quarter worth about $33,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

REXR has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Scotiabank reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 12th. Raymond James Financial reissued an “underperform” rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Wells Fargo & Company lowered 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, Wall Street Zen lowered shares of Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Five 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.93.

Rexford Industrial Realty Trading Down 0.2%

REXR stock opened at $37.19 on Friday. The company has a market cap of $8.29 billion, a price-to-earnings ratio of -20.55 and a beta of 1.19. 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 business has a fifty day simple moving average of $36.04 and a 200-day simple moving average of $35.64. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38.

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 for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $240.24 million. During the same quarter in the previous year, the business posted $0.59 EPS. Rexford Industrial Realty’s revenue was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

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

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.