NewEdge Advisors LLC Purchases 15,459 Shares of Rexford Industrial Realty, Inc. $REXR

NewEdge Advisors LLC raised its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 181.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,959 shares of the real estate investment trust’s stock after acquiring an additional 15,459 shares during the quarter. NewEdge Advisors LLC’s holdings in Rexford Industrial Realty were worth $784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth about $31,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Rexford Industrial Realty in the 1st quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at about $34,000. Wiser Advisor Group LLC acquired a new stake in Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Finally, Meeder Asset Management Inc. grew its holdings in 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 worth $43,000 after purchasing an additional 978 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $37.84 on Monday. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of -20.91, a PEG ratio of 1.57 and a beta of 1.19. The company has a 50-day simple moving average of $35.20 and a 200 day simple moving average of $36.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share 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 the consensus estimate 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 firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently -96.13%.

Analyst Ratings Changes

REXR has been the topic of a number of recent analyst reports. Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $38.00 to $36.00 in a report on Wednesday, June 17th. Finally, Wall Street Zen cut Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.38.

About Rexford Industrial Realty

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.