Geode Capital Management LLC Reduces Stock Position in Rexford Industrial Realty, Inc. $REXR

Posted by Brian Himes on Jun 4th, 2026

Geode Capital Management LLC reduced its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,644,325 shares of the real estate investment trust’s stock after selling 46,710 shares during the period. Geode Capital Management LLC’s holdings in Rexford Industrial Realty were worth $179,862,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 24.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock worth $12,529,000 after purchasing an additional 63,313 shares during the period. Cibc World Market Inc. purchased a new stake in Rexford Industrial Realty in the third quarter worth about $41,111,000. Barclays PLC lifted its holdings in Rexford Industrial Realty by 175.0% in the third quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock worth $82,011,000 after buying an additional 1,269,603 shares during the period. Vestcor Inc purchased a new stake in Rexford Industrial Realty in the third quarter worth about $1,794,000. Finally, AR Asset Management Inc. lifted its holdings in Rexford Industrial Realty by 28.2% in the third quarter. AR Asset Management Inc. now owns 77,050 shares of the real estate investment trust’s stock worth $3,168,000 after buying an additional 16,950 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on REXR shares. Evercore upgraded shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Monday, April 13th. Cantor Fitzgerald lowered their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Truist Financial lowered 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, May 21st. Citigroup lowered their price objective on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.46.

Check Out Our Latest Report on REXR

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $34.08 on Thursday. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The company has a 50 day simple moving average of $35.05 and a two-hundred day simple moving average of $37.62. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 1.42 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR – Get Free Report) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.79 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.435 per share. 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 5.1%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Rexford Industrial Realty Profile

(Free Report)

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.