Sanctuary Advisors LLC Acquires New Shares in Rexford Industrial Realty, Inc. $REXR

Sanctuary Advisors LLC acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,060 shares of the real estate investment trust’s stock, valued at approximately $773,000.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth about $1,293,168,000. Price T Rowe Associates Inc. MD grew its stake 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 acquiring an additional 667,594 shares in the last quarter. State Street Corp increased its holdings in 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 acquiring an additional 556,810 shares during the period. Principal Financial Group Inc. increased its holdings in 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 acquiring an additional 1,881,905 shares during the period. Finally, Soroban Capital Partners LP lifted its stake in 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 worth $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on REXR. JPMorgan Chase & Co. raised their price target on shares of Rexford Industrial Realty from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, August 3rd. Citigroup reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Wells Fargo & Company dropped their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, June 1st. Finally, Jefferies Financial Group cut Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus target price of $40.93.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $37.12 on Friday. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The firm has a market cap of $8.28 billion, a PE ratio of -20.51 and a beta of 1.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. The company has a 50 day simple moving average of $36.12 and a two-hundred day simple moving average of $35.65.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The company had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.Rexford Industrial Realty’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 annualized dividend and a yield of 4.7%. Rexford Industrial Realty’s payout ratio is -96.13%.

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.