Jupiter Topco LLC Purchases Shares of 102,083 Rexford Industrial Realty, Inc. $REXR

Jupiter Topco LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the second quarter, HoldingsChannel reports. The fund acquired 102,083 shares of the real estate investment trust’s stock, valued at approximately $3,419,000.

Several other institutional investors also recently modified their holdings of REXR. Hsbc Holdings PLC acquired a new stake in Rexford Industrial Realty in the 2nd quarter valued at about $16,981,000. Canada Pension Plan Investment Board acquired a new position in Rexford Industrial Realty during the second quarter worth approximately $12,088,000. Legal & General Group Plc bought a new stake in Rexford Industrial Realty in the second quarter valued at approximately $86,861,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at approximately $14,873,000. Finally, Algert Global LLC lifted its position in shares of Rexford Industrial Realty by 36.3% in the second quarter. Algert Global LLC now owns 661,260 shares of the real estate investment trust’s stock valued at $22,152,000 after buying an additional 176,120 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock opened at $37.06 on Wednesday. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The stock’s 50 day moving average is $36.26 and its 200-day moving average is $35.62. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of -20.48 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($2.86). The firm had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued 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 dividend payout ratio (DPR) is currently -96.13%.

Analyst Ratings Changes

A number of research analysts recently weighed in on REXR shares. Wells Fargo & Company decreased their target price on Rexford Industrial Realty from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday. Raymond James Financial reaffirmed an “underperform” rating on shares of Rexford Industrial Realty in a research report on Wednesday, August 19th. Mizuho upped their price objective on shares of Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Finally, Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.00.

About Rexford Industrial Realty

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.