Wellington Management Group LLP Decreases Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Wellington Management Group LLP lessened its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 23.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,082,135 shares of the real estate investment trust’s stock after selling 649,490 shares during the quarter. Wellington Management Group LLP’s holdings in Rexford Industrial Realty were worth $69,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in REXR. BlackRock Inc. bought a new stake in Rexford Industrial Realty in the second quarter worth about $1,293,168,000. Price T Rowe Associates Inc. MD lifted its stake in Rexford Industrial Realty by 2.4% in 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 purchasing an additional 667,594 shares during the last quarter. State Street Corp increased its position in Rexford Industrial Realty by 4.9% in the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after buying an additional 556,810 shares during the last quarter. Soroban Capital Partners LP raised its stake in shares of Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after buying an additional 3,344,677 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Rexford Industrial Realty by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,581,987 shares of the real estate investment trust’s stock valued at $117,239,000 after buying an additional 85,135 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on REXR. Jefferies Financial Group downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Rexford Industrial Realty from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Scotiabank upped their target price on shares of Rexford Industrial Realty from $38.00 to $40.00 and gave the stock a “sector outperform” rating in a report on Monday. Finally, Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $41.00.

Rexford Industrial Realty Trading Down 1.2%

Shares of REXR stock opened at $36.62 on Thursday. 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 firm has a market cap of $8.17 billion, a P/E ratio of -20.23 and a beta of 1.18. The business has a 50-day moving average price of $36.32 and a two-hundred day moving average price of $35.62. 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 released its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The firm had revenue of $243.00 million during 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%.The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.8%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently -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.