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

Vanguard Group Inc. lessened its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,930,569 shares of the real estate investment trust’s stock after selling 393,590 shares during the quarter. Vanguard Group Inc. owned approximately 0.14% of Rexford Industrial Realty worth $1,236,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Coronation Fund Managers Ltd. boosted its stake in shares of Rexford Industrial Realty by 4.9% during the fourth quarter. Coronation Fund Managers Ltd. now owns 409,723 shares of the real estate investment trust’s stock valued at $15,864,000 after purchasing an additional 19,033 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Rexford Industrial Realty by 12.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 399,795 shares of the real estate investment trust’s stock worth $15,803,000 after buying an additional 45,782 shares during the period. Vert Asset Management LLC boosted its position in Rexford Industrial Realty by 10.8% during the 4th quarter. Vert Asset Management LLC now owns 118,345 shares of the real estate investment trust’s stock valued at $4,582,000 after acquiring an additional 11,515 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Rexford Industrial Realty by 5.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 162,156 shares of the real estate investment trust’s stock valued at $6,279,000 after acquiring an additional 9,015 shares during the period. Finally, Friedenthal Financial increased its holdings in shares of Rexford Industrial Realty by 6.7% in the 4th quarter. Friedenthal Financial now owns 26,381 shares of the real estate investment trust’s stock valued at $1,021,000 after acquiring an additional 1,662 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on REXR shares. Truist Financial decreased their price objective 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. Citigroup cut their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a report on Friday, February 6th. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Monday, April 13th. Finally, Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.92.

Insider Buying and Selling at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the sale, the general counsel owned 33,299 shares in the company, valued at approximately $1,181,115.53. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $37.73 per share, for a total transaction of $200,346.30. Following the acquisition, the chief operating officer owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 12,960 shares of company stock valued at $486,804. Insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $35.49 on Friday. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The business’s fifty day simple moving average is $35.25 and its 200-day simple moving average is $38.67. The company has a current ratio of 1.50, a quick ratio of 2.51 and a debt-to-equity ratio of 0.38. The company has a market cap of $7.97 billion, a PE ratio of 38.16, a PEG ratio of 1.50 and a beta of 1.26.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The firm had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. During the same quarter last year, the firm earned $0.62 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Analysts expect that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

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.