Principal Financial Group Inc. Acquires 1,881,905 Shares of Rexford Industrial Realty, Inc. $REXR

Principal Financial Group Inc. raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 19.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,518,739 shares of the real estate investment trust’s stock after purchasing an additional 1,881,905 shares during the period. Principal Financial Group Inc.’s holdings in Rexford Industrial Realty were worth $446,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of REXR. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty in the 4th quarter valued at $31,000. Vision Financial Markets LLC bought a new stake in Rexford Industrial Realty in the 3rd quarter valued at $33,000. Wiser Advisor Group LLC bought a new stake in Rexford Industrial Realty in the 3rd quarter valued at $34,000. Allworth Financial LP grew its holdings 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 purchasing an additional 574 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth about $41,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 1.1%

Shares of NYSE REXR opened at $35.13 on Tuesday. The firm’s 50-day simple moving average is $35.25 and its 200 day simple moving average is $38.64. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. The business had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 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 Announces Dividend

The business 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. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 5.0%. Rexford Industrial Realty’s dividend payout ratio is 187.10%.

Insider Buying and Selling at Rexford Industrial Realty

In related news, Director David P. Stockert purchased 5,000 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $37.39 per share, for a total transaction of $186,950.00. Following the transaction, the director directly owned 6,829 shares in the company, valued at approximately $255,336.31. This represents a 273.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Laura E. Clark purchased 5,310 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average price of $37.73 per share, for a total transaction of $200,346.30. Following the transaction, the chief operating officer owned 5,310 shares in the company, valued at $200,346.30. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 12,960 shares of company stock worth $486,804 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REXR. Citigroup lowered their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, April 13th. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen raised shares of Rexford Industrial Realty from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.92.

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.