HighTower Advisors LLC Sells 149,204 Shares of Rexford Industrial Realty, Inc. $REXR

HighTower Advisors LLC decreased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 55.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 120,951 shares of the real estate investment trust’s stock after selling 149,204 shares during the period. HighTower Advisors LLC’s holdings in Rexford Industrial Realty were worth $4,052,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the 3rd quarter valued at about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Rexford Industrial Realty in the fourth quarter worth approximately $34,000. Allworth Financial LP bought a new stake in shares of Rexford Industrial Realty in the second quarter worth approximately $33,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $33,000. Finally, Caitlin John LLC purchased a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

REXR has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Monday, July 27th. Jefferies Financial Group downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Thursday, August 6th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Barclays lowered their price target on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Finally, Raymond James Financial restated an “underperform” rating on shares of Rexford Industrial Realty in a research note on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $38.02 on Friday. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The firm has a market capitalization of $8.48 billion, a P/E ratio of -21.01 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. The company has a 50-day moving average price of $36.77 and a 200-day moving average price of $35.62.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data 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). The business had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. Equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.6%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently -96.13%.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a real estate investment trust that owns, operates and redevelops industrial properties in Southern California. The company focuses primarily on infill industrial real estate, including warehouses, distribution facilities, manufacturing buildings and other properties used for logistics and commercial operations.

Rexford seeks to create value through the acquisition, leasing, repositioning, redevelopment and development of industrial properties. Its properties are generally located in densely populated and supply-constrained markets across the region, where proximity to customers, transportation infrastructure and major population centers can support demand for industrial space.

Founded in 2001, Rexford Industrial Realty has built a portfolio concentrated in the Greater Los Angeles and San Diego areas.