Rexford Industrial Realty, Inc. $REXR Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC cut its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 62.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,601 shares of the real estate investment trust’s stock after selling 46,262 shares during the quarter. LRT Capital Management LLC’s holdings in Rexford Industrial Realty were worth $1,135,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. 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. Norges Bank acquired a new stake in shares of Rexford Industrial Realty during the second quarter valued at about $104,116,000. Royal London Asset Management Ltd. purchased a new stake in shares of Rexford Industrial Realty during the second quarter worth about $91,671,000. Nomura Holdings Inc. increased its position in shares of Rexford Industrial Realty by 19,554.8% during the second quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock worth $82,622,000 after acquiring an additional 2,310,988 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Rexford Industrial Realty by 5.7% in the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock worth $1,154,629,000 after acquiring an additional 1,749,685 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on REXR. Robert W. Baird set a $40.00 price target on Rexford Industrial Realty in a report on Tuesday, February 17th. Mizuho lifted their price objective on Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. iA Financial set a $45.00 target price on Rexford Industrial Realty in a research report on Friday, February 6th. Truist Financial reduced their target price on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus target price of $41.92.

Insider Activity

In other news, CFO Michael Fitzmaurice purchased 2,650 shares of the stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the acquisition, the chief financial officer owned 14,133 shares of the company’s stock, valued at $530,694.15. The trade was a 23.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David P. Stockert purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the completion of the transaction, the director owned 6,829 shares in the company, valued at approximately $255,336.31. This represents a 273.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 12,960 shares of company stock worth $486,804. 1.20% of the stock is currently owned by insiders.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $34.80 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $44.38. The firm’s 50-day simple moving average is $38.38 and its 200-day simple moving average is $40.32. The firm has a market cap of $8.07 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.25.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, topping 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 company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is 202.35%.

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.