Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires 15,958 Shares of Rexford Industrial Realty, Inc. $REXR

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 1,813.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,838 shares of the real estate investment trust’s stock after purchasing an additional 15,958 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Rexford Industrial Realty were worth $551,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Rexford Industrial Realty in the fourth quarter worth about $31,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Allworth Financial LP grew its position in shares of Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 574 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Rexford Industrial Realty by 724.4% in the 4th quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 978 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Rexford Industrial Realty during the 4th quarter worth approximately $45,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Up 0.2%

NYSE REXR opened at $34.27 on Monday. The company has a fifty day simple moving average of $34.92 and a two-hundred day simple moving average of $36.54. The stock has a market cap of $7.73 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.43 and a beta of 1.21. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share 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 firm had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.78 million. During the same period in the previous year, the company earned $0.62 earnings per share. The business’s quarterly revenue 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. On average, analysts forecast that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

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

Insiders Place Their Bets

In other news, General Counsel David E. Lanzer sold 33,299 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on REXR. Wall Street Zen cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $38.00 to $36.00 in a report on Wednesday, June 17th. Truist Financial lowered their price objective on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, April 13th. Finally, Raymond James Financial started coverage on Rexford Industrial Realty in a research report on Wednesday, June 17th. They set an “underperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.62.

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.