Meeder Asset Management Inc. Acquires Shares of 22,816 Rexford Industrial Realty, Inc. $REXR

Meeder Asset Management Inc. bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) in the second quarter, HoldingsChannel.com reports. The fund bought 22,816 shares of the real estate investment trust’s stock, valued at approximately $764,000.

A number of other large investors also recently modified their holdings of REXR. Royal Bank of Canada increased its holdings in shares of Rexford Industrial Realty by 3.5% in the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after buying an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after buying an additional 526,877 shares in the last quarter. Cetera Investment Advisers boosted its position in Rexford Industrial Realty by 52.7% in the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Rexford Industrial Realty by 131.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,848 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $37.05 on Wednesday. The firm’s 50 day moving average price is $35.59 and its two-hundred day moving average price is $35.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38. The stock has a market cap of $8.26 billion, a PE ratio of -20.47, a PEG ratio of 1.50 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing the consensus estimate of $0.60 by ($2.86). The business had revenue of $243.00 million for the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, analysts forecast that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. Rexford Industrial Realty’s payout ratio is -96.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 12th. Wall Street Zen cut Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Wells Fargo & Company decreased their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. Raymond James Financial started coverage on Rexford Industrial Realty in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. Finally, Truist Financial dropped their price objective on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and a consensus price target of $40.71.

Rexford Industrial Realty 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.