Legal & General Group Plc Makes New Investment in Rexford Industrial Realty, Inc. $REXR

Legal & General Group Plc acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,592,871 shares of the real estate investment trust’s stock, valued at approximately $86,861,000. Legal & General Group Plc owned 1.16% of Rexford Industrial Realty at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter worth approximately $14,873,000. Algert Global LLC raised its holdings in Rexford Industrial Realty by 36.3% during the 2nd 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 period. Infrastructure Capital Advisors LLC purchased a new stake in Rexford Industrial Realty during the 2nd quarter valued at $1,525,000. Cibc World Market Inc. bought a new stake in Rexford Industrial Realty in the second quarter worth $1,371,000. Finally, Sanctuary Advisors LLC bought a new stake in Rexford Industrial Realty in the second quarter worth $773,000. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

REXR has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Weiss Ratings lowered shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Wells Fargo & Company dropped their price target on shares of 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. Barclays cut their price target on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.93.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $37.19 on Friday. The company has a 50 day moving average price of $36.04 and a 200-day moving average price of $35.64. 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 fifty-two week low of $32.14 and a fifty-two week high of $44.38. The company has a market capitalization of $8.29 billion, a PE ratio of -20.55 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($2.86). The firm had revenue of $243.00 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio is currently -96.13%.

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.