Rexford Industrial Realty, Inc. $REXR Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 66.8% in the fourth quarter, Holdings Channel reports. The fund owned 31,971 shares of the real estate investment trust’s stock after selling 64,183 shares during the period. Strs Ohio’s holdings in Rexford Industrial Realty were worth $1,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after buying an additional 556,810 shares during the last quarter. Soroban Capital Partners LP increased its stake in shares of Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after acquiring an additional 3,344,677 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Rexford Industrial Realty by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock worth $159,836,000 after acquiring an additional 161,589 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Rexford Industrial Realty by 0.6% during the 3rd quarter. Northern Trust Corp now owns 3,518,818 shares of the real estate investment trust’s stock worth $144,659,000 after acquiring an additional 20,096 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Rexford Industrial Realty by 58.7% during the 3rd quarter. Bank of America Corp DE now owns 2,615,234 shares of the real estate investment trust’s stock valued at $107,512,000 after acquiring an additional 967,407 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Michael Fitzmaurice acquired 2,650 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the acquisition, the chief financial officer owned 14,133 shares in the company, valued at $530,694.15. The trade was a 23.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David E. Lanzer sold 33,299 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the transaction, the general counsel owned 33,299 shares in the company, valued at approximately $1,181,115.53. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 12,960 shares of company stock worth $486,804. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. iA Financial set a $45.00 price target on shares of Rexford Industrial Realty in a research note on Friday, February 6th. Finally, Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.92.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $36.30 on Thursday. The stock has a market cap of $8.19 billion, a PE ratio of 39.03, a P/E/G ratio of 1.49 and a beta of 1.23. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a twelve month low of $32.14 and a twelve month high of $44.38. The stock has a fifty day simple moving average of $35.18 and a 200-day simple moving average of $38.54.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. During the same period in the previous year, the firm earned $0.62 EPS. Rexford Industrial Realty’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. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 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 given a dividend of $0.435 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.8%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

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.