Eurizon Capital SGR S.p.A. bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 16,732 shares of the real estate investment trust’s stock, valued at approximately $659,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rexford Industrial Realty by 392.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,175 shares of the real estate investment trust’s stock worth $549,000 after purchasing an additional 11,294 shares during the period. Legal & General Group Plc lifted its holdings in shares of Rexford Industrial Realty by 12.2% during the fourth quarter. Legal & General Group Plc now owns 2,731,914 shares of the real estate investment trust’s stock worth $105,780,000 after purchasing an additional 296,506 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Rexford Industrial Realty by 84.9% during the fourth quarter. Hantz Financial Services Inc. now owns 6,588 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 3,025 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Rexford Industrial Realty by 7.8% during the fourth quarter. William Blair Investment Management LLC now owns 935,111 shares of the real estate investment trust’s stock worth $36,207,000 after purchasing an additional 67,276 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 99.52% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on REXR shares. Scotiabank decreased their target price on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating for the company in a report on Thursday, May 21st. Wells Fargo & Company reduced their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday. Truist Financial reduced their price target on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Wall Street Zen upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Robert W. Baird set a $40.00 price target on Rexford Industrial Realty in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $41.46.
Insider Buying and Selling
In other news, 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 value of $816,328.28. Following the completion of the sale, the chief executive officer directly owned 560,406 shares in the company, valued at $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David E. Lanzer sold 33,299 shares of the business’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 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. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders.
Rexford Industrial Realty Stock Up 0.1%
Shares of REXR stock opened at $34.08 on Thursday. The stock has a 50 day moving average of $35.05 and a 200 day moving average of $37.62. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a market cap of $7.69 billion, a P/E ratio of 36.64, a P/E/G ratio of 1.42 and a beta of 1.21. Rexford Industrial Realty, Inc. has a twelve month low of $32.14 and a twelve month high of $44.38.
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, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.Rexford Industrial Realty’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.
Rexford Industrial Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.435 dividend. The ex-dividend date 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 payout ratio is 187.10%.
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.
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