Rexford Industrial Realty, Inc. $REXR Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,080,234 shares of the real estate investment trust’s stock after selling 30,896 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Rexford Industrial Realty were worth $41,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Rexford Industrial Realty in the fourth quarter valued at about $31,000. Vision Financial Markets LLC acquired a new stake in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Rexford Industrial Realty during the 4th quarter worth approximately $34,000. Wiser Advisor Group LLC acquired a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth approximately $34,000. Finally, Allworth Financial LP grew its holdings 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 worth $40,000 after acquiring an additional 574 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

REXR has been the subject of several research reports. Wall Street Zen raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank lowered their target price on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 21st. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Truist Financial cut their price target on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Cantor Fitzgerald lowered their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.46.

Rexford Industrial Realty Stock Down 1.9%

REXR opened at $34.02 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business has a 50-day moving average of $35.06 and a two-hundred day moving average of $37.73. 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 announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The business had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. During the same period in the prior year, the firm posted $0.62 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

Insiders Place Their Bets

In other news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Frankel sold 23,132 shares of the company’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 sale, the chief executive officer owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by company insiders.

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.