Eurizon Capital SGR S.p.A. Acquires New Holdings in Rexford Industrial Realty, Inc. $REXR

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,732 shares of the real estate investment trust’s stock, valued at approximately $659,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted 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 in the last quarter. Principal Financial Group Inc. boosted its position in Rexford Industrial Realty by 19.5% during the fourth 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 purchasing an additional 1,881,905 shares in the last quarter. Soroban Capital Partners LP boosted its position in Rexford Industrial Realty by 57.2% during 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 purchasing an additional 3,344,677 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Rexford Industrial Realty by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock valued at $159,836,000 after purchasing an additional 161,589 shares in the last quarter. Finally, Northern Trust Corp boosted 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 purchasing an additional 20,096 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $34.08 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market cap of $7.69 billion, a PE ratio of 36.64, a P/E/G ratio of 1.42 and a beta of 1.21. The business has a 50-day simple moving average of $35.05 and a two-hundred day simple moving average of $37.62. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. The business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Insider Activity

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on REXR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rexford Industrial Realty in a research report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price objective on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Cantor Fitzgerald dropped their price objective on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. iA Financial set a $45.00 price objective on Rexford Industrial Realty in a research report on Friday, February 6th. Finally, Truist Financial dropped 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. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.46.

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.