Alberta Investment Management Corp Raises Position in Rexford Industrial Realty, Inc. $REXR

Alberta Investment Management Corp boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 685,504 shares of the real estate investment trust’s stock after buying an additional 73,300 shares during the quarter. Alberta Investment Management Corp’s holdings in Rexford Industrial Realty were worth $26,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REXR. V Square Quantitative Management LLC bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $34,000. Wiser Advisor Group LLC purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $34,000. Allworth Financial LP boosted its stake in shares of Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 574 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Rexford Industrial Realty by 724.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 978 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on REXR. Wall Street Zen cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial decreased their target price on shares of 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. JPMorgan Chase & Co. decreased their target price on shares of 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. Scotiabank cut their price target on shares of Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 21st. Finally, Zacks Research upgraded shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Insider Activity

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction on 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 completion of the transaction, the general counsel owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $34.75 on Tuesday. Rexford Industrial Realty, Inc. has a 1-year low of $32.14 and a 1-year high of $44.38. The stock’s 50-day moving average is $35.29 and its 200 day moving average is $37.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $7.84 billion, a P/E ratio of 37.37, a PEG ratio of 1.46 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The company had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. Rexford Industrial Realty’s revenue for the quarter 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. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given 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 5.0%. Rexford Industrial Realty’s dividend payout ratio is presently 187.10%.

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.