Rexford Industrial Realty, Inc. $REXR Stock: Koa Wealth Management LLC Reduces Stake

Koa Wealth Management LLC decreased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 76.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,270 shares of the real estate investment trust’s stock after selling 32,629 shares during the period. Koa Wealth Management LLC’s holdings in Rexford Industrial Realty were worth $373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. Krilogy Financial LLC purchased a new stake in Rexford Industrial Realty during the 3rd quarter valued at $232,000. NorthCrest Asset Manangement LLC purchased a new position in shares of Rexford Industrial Realty in the third quarter valued at about $304,000. Wedmont Private Capital bought a new position in shares of Rexford Industrial Realty during the third quarter valued at about $238,000. GAMMA Investing LLC raised its stake in shares of Rexford Industrial Realty by 94.3% during the third quarter. GAMMA Investing LLC now owns 6,651 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 3,228 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Rexford Industrial Realty by 50.4% in the third quarter. Farther Finance Advisors LLC now owns 2,775 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 930 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

REXR has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on Rexford Industrial Realty from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a report on Wednesday, September 30th. Truist Financial lifted their price objective on Rexford Industrial Realty from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial raised Rexford Industrial Realty from an “underperform” rating to a “market perform” rating in a research note on Tuesday, September 15th. Finally, Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.13.

Rexford Industrial Realty Trading Down 0.4%

Shares of REXR traded down $0.15 during trading hours on Wednesday, reaching $37.69. 590,379 shares of the company traded hands, compared to its average volume of 2,595,094. The company’s fifty day moving average price is $37.21 and its two-hundred day moving average price is $35.90. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of -20.82 and a beta of 1.18. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%. The company had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. During the same period in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty’s quarterly revenue was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.40 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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 dividend of $0.4350 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.6%. Rexford Industrial Realty’s dividend payout ratio is -96.13%.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.