New Age Alpha Advisors LLC lowered its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 201,528 shares of the real estate investment trust’s stock after selling 20,928 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Rexford Industrial Realty were worth $7,803,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in shares of Rexford Industrial Realty by 84.9% in the fourth quarter. Hantz Financial Services Inc. now owns 6,588 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 3,025 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Rexford Industrial Realty by 7.8% in the fourth quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock valued at $36,207,000 after purchasing an additional 67,276 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $34,000. MQS Management LLC grew its holdings in shares of Rexford Industrial Realty by 42.0% in the fourth quarter. MQS Management LLC now owns 8,535 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 2,524 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Rexford Industrial Realty by 3,472.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,429 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on REXR shares. Truist Financial dropped their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday. iA Financial set a $45.00 price objective on shares of Rexford Industrial Realty in a report on Friday, February 6th. Wall Street Zen upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Evercore upgraded shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. decreased 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. 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 stock. According to MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus price target of $41.69.
Rexford Industrial Realty Trading Down 0.0%
NYSE REXR opened at $36.17 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The stock has a market capitalization of $8.16 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The firm has a 50 day moving average of $34.91 and a two-hundred day moving average of $37.97.
Rexford Industrial Realty (NYSE:REXR – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS 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 company had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. During the same quarter in the previous year, the business posted $0.62 EPS. The firm’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. As a group, research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.
Rexford Industrial Realty Announces Dividend
The company 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 dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s payout ratio is 187.10%.
Insider Activity at Rexford Industrial Realty
In related news, Director David P. Stockert acquired 5,000 shares of Rexford Industrial Realty stock in a transaction dated Friday, February 27th. The stock was acquired at an average price of $37.39 per share, for a total transaction of $186,950.00. Following the transaction, the director owned 6,829 shares of the company’s stock, valued at $255,336.31. This represents a 273.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total transaction of $816,328.28. Following the sale, the chief executive officer owned 560,406 shares of the company’s stock, valued at $19,776,727.74. This represents a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 12,960 shares of company stock worth $486,804 over the last ninety days. 1.80% of the stock is currently owned by insiders.
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.
Read More
- Five stocks we like better than Rexford Industrial Realty
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report).
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.
