Sumitomo Mitsui Trust Group Inc. Buys 63,313 Shares of Rexford Industrial Realty, Inc. $REXR

Sumitomo Mitsui Trust Group Inc. grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 24.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 323,592 shares of the real estate investment trust’s stock after purchasing an additional 63,313 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Rexford Industrial Realty were worth $12,529,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Rexford Industrial Realty by 7.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 241 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in Rexford Industrial Realty by 1.9% in the third quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 278 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Rexford Industrial Realty by 6.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 293 shares in the last quarter. Covestor Ltd grew its stake in Rexford Industrial Realty by 6.2% during the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 359 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 362 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the transaction, the chief executive officer directly owned 560,406 shares in the company, valued at approximately $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 available through this hyperlink. Also, CFO Michael Fitzmaurice bought 2,650 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $37.55 per share, with a total value of $99,507.50. Following the completion of the transaction, the chief financial officer directly owned 14,133 shares in the company, valued at approximately $530,694.15. This trade represents a 23.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 12,960 shares of company stock worth $486,804. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REXR shares. Robert W. Baird set a $40.00 price target on Rexford Industrial Realty in a report on Tuesday, February 17th. Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Monday, April 13th. Citigroup lowered their price objective on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Wall Street Zen cut Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Scotiabank cut their target price on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.92.

Rexford Industrial Realty Price Performance

REXR opened at $36.99 on Friday. The company has a fifty day moving average price of $35.49 and a two-hundred day moving average price of $38.99. The firm has a market capitalization of $8.31 billion, a PE ratio of 43.52, a P/E/G ratio of 2.60 and a beta of 1.26. Rexford Industrial Realty, Inc. has a 52 week low of $31.08 and a 52 week high of $44.38. 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 posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $243.43 million for the quarter, compared to the consensus estimate of $249.05 million. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’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. As a group, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.435 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a yield of 4.7%. Rexford Industrial Realty’s payout ratio is currently 204.71%.

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.