329,256 Shares in Rexford Industrial Realty, Inc. $REXR Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 329,256 shares of the real estate investment trust’s stock, valued at approximately $11,030,000.

Several other institutional investors also recently bought and sold shares of the stock. Wiser Advisor Group LLC acquired a new stake in shares of Rexford Industrial Realty in the third quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth about $34,000. Allworth Financial LP acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at about $33,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Rexford Industrial Realty in the 1st quarter valued at approximately $33,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Rexford Industrial Realty in the 4th quarter valued at approximately $45,000. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Performance

REXR opened at $37.09 on Tuesday. The firm has a market capitalization of $8.27 billion, a P/E ratio of -20.49 and a beta of 1.19. The stock’s 50 day moving average price is $36.19 and its two-hundred day moving average price is $35.62. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on REXR shares. Weiss Ratings cut Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Raymond James Financial restated an “underperform” rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Finally, Barclays lowered their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.07.

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.