Sanctuary Advisors LLC Purchases New Holdings in Rexford Industrial Realty, Inc. $REXR

Sanctuary Advisors LLC acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the second quarter, Holdings Channel reports. The firm acquired 23,060 shares of the real estate investment trust’s stock, valued at approximately $773,000.

Other large investors have also bought and sold shares of the company. Lazard Asset Management LLC lifted its position in Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 362 shares during the period. IFM Investors Pty Ltd lifted its position in Rexford Industrial Realty by 1.0% during the first quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock valued at $1,256,000 after purchasing an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 387 shares in the last quarter. Koa Wealth Management LLC boosted its position in shares of Rexford Industrial Realty by 0.9% in the first quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after purchasing an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Rexford Industrial Realty by 13.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 441 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on REXR. Weiss Ratings lowered shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Raymond James Financial reiterated an “underperform” rating on shares of Rexford Industrial Realty in a report on Wednesday, August 19th. Truist Financial cut their price objective on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Mizuho upped their target price on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Rexford Industrial Realty presently has a consensus rating of “Hold” and an average target price of $40.93.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $37.12 on Friday. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of -20.51 and a beta of 1.19. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The firm’s 50 day simple moving average is $36.12 and its two-hundred day simple moving average is $35.65. 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 announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing the consensus estimate 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 net margin of 39.22% and a negative return on equity of 4.61%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Analysts predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Announces Dividend

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

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.