Bank of New York Mellon Corp Buys Shares of 1,643,450 Rexford Industrial Realty, Inc. $REXR

Bank of New York Mellon Corp purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,643,450 shares of the real estate investment trust’s stock, valued at approximately $55,056,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Rexford Industrial Realty in the 1st quarter valued at $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Rexford Industrial Realty during the fourth quarter worth $34,000. Wiser Advisor Group LLC acquired a new position in Rexford Industrial Realty in the third quarter valued at $34,000. Meeder Asset Management Inc. lifted its holdings in Rexford Industrial Realty by 724.4% in the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 978 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Rexford Industrial Realty during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Rexford Industrial Realty in a report on Wednesday, August 12th. Wells Fargo & Company cut 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. Truist Financial decreased their target price on 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. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Rexford Industrial Realty in a report on Wednesday, August 19th. Five 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 an average price target of $40.93.

Rexford Industrial Realty Trading Down 0.8%

REXR opened at $37.33 on Thursday. The company has a fifty day moving average price of $35.96 and a two-hundred day moving average price of $35.66. Rexford Industrial Realty, Inc. has a 1-year low of $32.14 and a 1-year high of $44.38. The company has a market cap of $8.32 billion, a P/E ratio of -20.62 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.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million for the quarter, compared to the consensus estimate 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 for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. 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 fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Rexford Industrial Realty 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.