The Manufacturers Life Insurance Company Makes New Investment in Rexford Industrial Realty, Inc. $REXR

The Manufacturers Life Insurance Company bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 443,964 shares of the real estate investment trust’s stock, valued at approximately $14,873,000.

A number of other large investors have also made changes to their positions in REXR. Algert Global LLC raised its holdings in shares of Rexford Industrial Realty by 36.3% during the second quarter. Algert Global LLC now owns 661,260 shares of the real estate investment trust’s stock valued at $22,152,000 after acquiring an additional 176,120 shares during the period. Infrastructure Capital Advisors LLC purchased a new stake in shares of Rexford Industrial Realty in the second quarter valued at $1,525,000. Cibc World Market Inc. acquired a new stake in shares of Rexford Industrial Realty in the second quarter worth $1,371,000. Sanctuary Advisors LLC purchased a new position in shares of Rexford Industrial Realty during the second quarter valued at $773,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Rexford Industrial Realty during the second quarter valued at $12,960,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on REXR. Weiss Ratings downgraded Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th. Mizuho lifted their target price on Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Jefferies Financial Group downgraded Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, August 3rd. Finally, Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.93.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $37.12 on Friday. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month 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 stock has a market cap of $8.28 billion, a P/E ratio of -20.51 and a beta of 1.19. The company’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $35.65.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). The firm had revenue of $243.00 million for the quarter, compared to analysts’ expectations of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.Rexford Industrial Realty’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

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 of this dividend is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. Rexford Industrial Realty’s dividend payout ratio (DPR) is -96.13%.

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.