Vanguard Group Inc. Reduces Holdings in Rexford Industrial Realty, Inc. $REXR

Vanguard Group Inc. reduced its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,324,159 shares of the real estate investment trust’s stock after selling 136,602 shares during the period. Vanguard Group Inc. owned about 0.14% of Rexford Industrial Realty worth $1,328,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in REXR. State Street Corp grew 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 valued at $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Soroban Capital Partners LP boosted its position 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 valued at $326,925,000 after buying an additional 3,344,677 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Rexford Industrial Realty by 3.9% during the second quarter. Geode Capital Management LLC now owns 4,525,150 shares of the real estate investment trust’s stock valued at $160,984,000 after acquiring an additional 167,800 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Rexford Industrial Realty by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock valued at $159,836,000 after acquiring an additional 161,589 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Rexford Industrial Realty by 7.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,158,500 shares of the real estate investment trust’s stock worth $112,348,000 after acquiring an additional 228,331 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Wells Fargo & Company upped their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup decreased their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Finally, Truist Financial dropped their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.31.

Insider Activity at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the completion of the transaction, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 57,118 shares of company stock valued at $2,345,706. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Trading Up 1.4%

Shares of NYSE REXR opened at $37.65 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $39.49 and its two-hundred day moving average price is $40.53. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $44.38. The stock has a market capitalization of $8.73 billion, a P/E ratio of 44.29, a PEG ratio of 2.40 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $248.10 million during the quarter, compared to the consensus estimate of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is 204.71%.

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.