Alberta Investment Management Corp Buys 73,300 Shares of Rexford Industrial Realty, Inc. $REXR

Alberta Investment Management Corp lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 685,504 shares of the real estate investment trust’s stock after acquiring 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.

Several other institutional investors and hedge funds have also bought and sold shares of REXR. Price T Rowe Associates Inc. MD boosted its position in Rexford Industrial Realty by 2.4% during 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 raised its stake in shares of Rexford Industrial Realty by 4.9% during the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Rexford Industrial Realty by 19.5% during the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after purchasing an additional 1,881,905 shares in the last quarter. Soroban Capital Partners LP boosted its holdings in shares of Rexford Industrial Realty by 57.2% in the 2nd 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 last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Rexford Industrial Realty by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock valued at $159,836,000 after buying an additional 161,589 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho lowered their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Truist Financial decreased their price objective on shares of 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 shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Monday, April 13th. Wells Fargo & Company dropped their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $40.62.

Rexford Industrial Realty Trading Up 1.9%

Shares of NYSE:REXR opened at $33.08 on Friday. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The business has a 50 day moving average of $35.32 and a 200-day moving average of $37.10. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a market cap of $7.47 billion, a PE ratio of 35.56, a P/E/G ratio of 1.35 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.78 million. During the same period in the previous year, the company posted $0.62 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.41 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared 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. This represents a $1.74 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Insider Buying and Selling

In other news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction that occurred 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 sale, the general counsel directly owned 33,299 shares in the company, valued at approximately $1,181,115.53. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

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.