William Blair Investment Management LLC increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 935,111 shares of the real estate investment trust’s stock after purchasing an additional 67,276 shares during the quarter. William Blair Investment Management LLC’s holdings in Rexford Industrial Realty were worth $36,207,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at $31,000. Vision Financial Markets LLC purchased a new position in shares of Rexford Industrial Realty during the third quarter valued at $33,000. Wiser Advisor Group LLC purchased a new position in shares of Rexford Industrial Realty during the third quarter valued at $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at $34,000. Finally, Allworth Financial LP grew its holdings in shares of Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
Insider Buying and Selling
In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the sale, the general counsel owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Fitzmaurice purchased 2,650 shares of Rexford Industrial Realty stock in a transaction on Friday, February 27th. The stock was bought at an average cost of $37.55 per share, with a total value of $99,507.50. Following the transaction, the chief financial officer directly owned 14,133 shares of the company’s stock, valued at approximately $530,694.15. The trade was a 23.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 12,960 shares of company stock valued at $486,804. 1.80% of the stock is owned by corporate insiders.
Rexford Industrial Realty Price Performance
Rexford Industrial Realty (NYSE:REXR – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.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 firm earned $0.62 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.
Rexford Industrial Realty Announces Dividend
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 $0.435 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 187.10%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on REXR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a report on Tuesday, May 12th. Evercore raised Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Monday, April 13th. Citigroup reduced 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. iA Financial set a $45.00 price objective on Rexford Industrial Realty in a research report on Friday, February 6th. Finally, Robert W. Baird set a $40.00 price objective on Rexford Industrial Realty in a research report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.69.
Read Our Latest Report on REXR
Rexford Industrial Realty 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.
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