Hsbc Holdings PLC Acquires Shares of 506,469 Rexford Industrial Realty, Inc. $REXR

Hsbc Holdings PLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 506,469 shares of the real estate investment trust’s stock, valued at approximately $16,981,000. Hsbc Holdings PLC owned 0.23% of Rexford Industrial Realty at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Royal Bank of Canada raised its position in Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares during the last quarter. AQR Capital Management LLC grew its position in Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after purchasing an additional 526,877 shares during the period. Cetera Investment Advisers increased its stake in Rexford Industrial Realty by 52.7% in the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock valued at $603,000 after purchasing an additional 5,854 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Rexford Industrial Realty by 131.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,848 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Down 0.2%

REXR stock opened at $37.19 on Friday. The company has a market cap of $8.29 billion, a P/E ratio of -20.55 and a beta of 1.19. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The company’s 50-day moving average price is $36.04 and its 200 day moving average price is $35.64. 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 issued its earnings results 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). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The company had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. During the same period last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, August 3rd. Wall Street Zen cut Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Scotiabank reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Wednesday, August 12th. Finally, Barclays cut their price target on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $40.93.

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.