Michael Frankel Sells 23,132 Shares of Rexford Industrial Realty (NYSE:REXR) Stock

Rexford Industrial Realty, Inc. (NYSE:REXR) CEO Michael Frankel sold 23,132 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the sale, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at $19,776,727.74. The trade was a 3.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Rexford Industrial Realty Stock Down 1.5%

NYSE:REXR traded down $0.52 during mid-day trading on Wednesday, hitting $34.36. 3,160,648 shares of the company’s stock traded hands, compared to its average volume of 2,704,886. The company has a fifty day moving average of $38.20 and a 200 day moving average of $40.23. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The company has a market capitalization of $7.97 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.53 and a beta of 1.24. 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 (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business had revenue of $248.10 million during the quarter, compared to the consensus estimate of $249.05 million. During the same quarter last year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.74 annualized dividend and a yield of 5.1%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is presently 202.35%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of REXR. V Square Quantitative Management LLC acquired a new position in Rexford Industrial Realty in the fourth quarter valued at approximately $31,000. Vision Financial Markets LLC acquired a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $33,000. Wiser Advisor Group LLC purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $34,000. Finally, Allworth Financial LP lifted its stake in shares of Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on REXR shares. Truist Financial decreased their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Citigroup dropped their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Zacks Research lowered shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Finally, Mizuho boosted their target price on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.92.

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.