Legal & General Group Plc Buys Shares of 2,592,871 Rexford Industrial Realty, Inc. $REXR

Legal & General Group Plc purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,592,871 shares of the real estate investment trust’s stock, valued at approximately $86,861,000.

Several other large investors have also modified their holdings of REXR. Royal Bank of Canada boosted its stake in shares of Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares in the last quarter. AQR Capital Management LLC increased its holdings in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after buying an additional 89,390 shares during the period. Goldman Sachs Group Inc. increased its holdings in Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after buying an additional 526,877 shares during the period. Cetera Investment Advisers raised its stake in Rexford Industrial Realty by 52.7% in the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 5,854 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Rexford Industrial Realty by 131.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,848 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 0.2%

Shares of NYSE:REXR opened at $37.19 on Friday. The business’s 50-day moving average is $36.04 and its 200 day moving average is $35.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The firm has a market capitalization of $8.29 billion, a P/E ratio of -20.55 and a beta of 1.19.

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 for the quarter, missing the consensus estimate of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. During the same period in the prior 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, research analysts predict that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on REXR. Wells Fargo & Company dropped their target price on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, June 1st. Scotiabank reissued an “outperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 12th. Weiss Ratings lowered Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Barclays decreased their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Finally, Jefferies Financial Group downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.93.

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.