Rexford Industrial Realty, Inc. (NYSE:REXR) Short Interest Down 22.4% in February

Rexford Industrial Realty, Inc. (NYSE:REXR) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 8,696,482 shares, a decline of 22.4% from the January 29th total of 11,213,795 shares. Based on an average daily trading volume, of 3,302,375 shares, the short-interest ratio is presently 2.6 days. Approximately 3.8% of the company’s shares are short sold. Approximately 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 3,302,375 shares, the short-interest ratio is presently 2.6 days.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, COO Laura E. Clark bought 5,310 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The shares were acquired 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 $200,346.30. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David P. Stockert purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $37.39 per share, with a total value of $186,950.00. Following the completion of the transaction, the director owned 6,829 shares in the company, valued at $255,336.31. This trade represents a 273.37% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 12,960 shares of company stock valued at $486,804 and have sold 46,468 shares valued at $1,903,731. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of large investors have recently bought and sold shares of REXR. Royal Bank of Canada raised its position in shares of Rexford Industrial Realty by 3.5% during the 1st 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 position 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 worth $4,628,000 after buying an additional 89,390 shares during the period. Goldman Sachs Group Inc. increased its position in Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after buying an additional 526,877 shares during the period. Envestnet Asset Management Inc. lifted its stake in Rexford Industrial Realty by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 425,177 shares of the real estate investment trust’s stock valued at $15,124,000 after buying an additional 62,355 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Rexford Industrial Realty by 4.4% during the second quarter. Teacher Retirement System of Texas now owns 40,750 shares of the real estate investment trust’s stock worth $1,449,000 after acquiring an additional 1,722 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 1.4%

NYSE:REXR traded down $0.52 during mid-day trading on Tuesday, reaching $37.13. The stock had a trading volume of 2,922,134 shares, compared to its average volume of 2,943,783. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 43.68, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. Rexford Industrial Realty has a 1-year low of $29.68 and a 1-year high of $44.38. The stock’s 50 day simple moving average is $39.02 and its two-hundred day simple moving average is $40.59.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, topping 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%.Rexford Industrial Realty’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.435 dividend. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.74 annualized dividend and a dividend yield of 4.7%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 202.35%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on REXR. Evercore decreased their target price on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Citigroup lowered their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald lowered their price objective on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and an average target price 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.