Y Intercept Hong Kong Ltd Raises Holdings in Rexford Industrial Realty, Inc. $REXR

Y Intercept Hong Kong Ltd increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 160.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,185 shares of the real estate investment trust’s stock after purchasing an additional 23,511 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Rexford Industrial Realty were worth $1,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in REXR. Price T Rowe Associates Inc. MD increased its holdings in shares of Rexford Industrial Realty by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after acquiring an additional 667,594 shares in the last quarter. State Street Corp lifted its position in Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after purchasing an additional 556,810 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after buying an additional 1,881,905 shares during the period. Soroban Capital Partners LP boosted its position in Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. Finally, Northern Trust Corp grew its position in Rexford Industrial Realty by 0.6% during the third quarter. Northern Trust Corp now owns 3,518,818 shares of the real estate investment trust’s stock valued at $144,659,000 after buying an additional 20,096 shares during the period. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on REXR. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Raymond James Financial initiated coverage on shares of Rexford Industrial Realty in a research note on Wednesday, June 17th. They set an “underperform” rating on the stock. Wells Fargo & Company reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 1st. Truist Financial dropped their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Scotiabank upgraded shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and cut their price objective for the company from $38.00 to $36.00 in a report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.62.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the transaction, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Rexford Industrial Realty Trading Up 0.2%

NYSE:REXR traded up $0.06 during trading hours on Friday, hitting $34.09. The company had a trading volume of 1,819,166 shares, compared to its average volume of 2,599,026. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $34.75 and a 200 day moving average of $36.33. The company has a market cap of $7.69 billion, a P/E ratio of 36.65, a P/E/G ratio of 1.42 and a beta of 1.21. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.78 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a yield of 5.1%. Rexford Industrial Realty’s payout ratio is 187.10%.

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.