Sei Investments Co. Sells 128,119 Shares of Rexford Industrial Realty, Inc. $REXR

Sei Investments Co. lessened its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 21.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 478,794 shares of the real estate investment trust’s stock after selling 128,119 shares during the quarter. Sei Investments Co.’s holdings in Rexford Industrial Realty were worth $15,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REXR. Soroban Capital Partners LP increased its holdings in 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 valued at $326,925,000 after acquiring an additional 3,344,677 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Rexford Industrial Realty during the second quarter valued at about $91,671,000. Norges Bank bought a new stake in shares of Rexford Industrial Realty in the fourth quarter worth about $73,777,000. Principal Financial Group Inc. increased its holdings in shares of Rexford Industrial Realty by 19.5% in the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after purchasing an additional 1,881,905 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter worth about $44,853,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 0.9%

Shares of NYSE REXR opened at $38.35 on Friday. Rexford Industrial Realty, Inc. has a 1-year low of $32.14 and a 1-year high of $44.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.50. The business’s 50 day moving average is $35.17 and its two-hundred day moving average is $36.08. The stock has a market capitalization of $8.55 billion, a P/E ratio of -21.19, a PEG ratio of 1.61 and a beta of 1.21.

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 the consensus estimate of $0.60 by ($2.86). The company had revenue of $243.00 million during the quarter, compared to the consensus estimate of $240.24 million. Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. Rexford Industrial Realty’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, research analysts expect that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 dividend on an annualized basis and a yield of 4.5%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently -96.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Raymond James Financial began coverage on Rexford Industrial Realty in a research note on Wednesday, June 17th. They set an “underperform” rating for the company. Evercore reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a report on Monday. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Barclays cut their target price on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.38.

About Rexford Industrial Realty

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.