Duff & Phelps Investment Management Co. Has $46.62 Million Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Duff & Phelps Investment Management Co. trimmed its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 61.2% during the third quarter, HoldingsChannel reports. The fund owned 1,134,098 shares of the real estate investment trust’s stock after selling 1,790,089 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Rexford Industrial Realty were worth $46,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REXR. Royal Bank of Canada lifted its holdings in shares of Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock worth $9,849,000 after purchasing an additional 8,506 shares during the period. AQR Capital Management LLC increased its holdings in Rexford Industrial Realty by 309.8% in the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after purchasing an additional 89,390 shares during the period. Goldman Sachs Group Inc. raised its position in Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after purchasing an additional 526,877 shares during the last quarter. Bank of Montreal Can raised its position in Rexford Industrial Realty by 24.8% during the 2nd quarter. Bank of Montreal Can now owns 67,760 shares of the real estate investment trust’s stock worth $2,410,000 after purchasing an additional 13,470 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in Rexford Industrial Realty during the 2nd quarter worth about $905,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on REXR shares. Truist Financial reduced their price target on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Thursday, January 22nd. iA Financial set a $45.00 target price on Rexford Industrial Realty in a report on Friday, February 6th. Citigroup decreased their target price 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, Scotiabank lowered their price target on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.92.

Insider Buying and Selling at Rexford Industrial Realty

In related news, Director David P. Stockert acquired 5,000 shares of Rexford Industrial Realty stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $37.39 per share, with a total value of $186,950.00. Following the transaction, the director directly owned 6,829 shares in the company, valued at $255,336.31. This represents a 273.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Laura E. Clark acquired 5,310 shares of the stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $37.73 per share, with a total value of $200,346.30. Following the purchase, the chief operating officer directly owned 5,310 shares in the company, valued at $200,346.30. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 12,960 shares of company stock valued at $486,804. 1.20% of the stock is currently owned by company insiders.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $35.27 on Thursday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $38.63 and a two-hundred day moving average price of $40.45. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38. The company has a market cap of $8.18 billion, a P/E ratio of 41.49, a PEG ratio of 2.59 and a beta of 1.24.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $248.10 million for 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 firm’s revenue was up 2.1% compared to the same quarter last year. 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. As a group, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.435 dividend. The ex-dividend date is Tuesday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio is presently 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.