Neo Ivy Capital Management Takes $934,000 Position in Rexford Industrial Realty, Inc. $REXR

Neo Ivy Capital Management acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 22,728 shares of the real estate investment trust’s stock, valued at approximately $934,000.

A number of other institutional investors have also recently added to or reduced their stakes in REXR. Vision Financial Markets LLC acquired a new position in Rexford Industrial Realty during the third quarter worth about $33,000. Quent Capital LLC acquired a new stake in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its position in shares of Rexford Industrial Realty by 174.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 780 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $56,000. Finally, Avalon Trust Co purchased a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $67,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on REXR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Thursday, January 22nd. Truist Financial decreased their target price on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. iA Financial set a $45.00 target price on Rexford Industrial Realty in a report on Friday, February 6th. Evercore dropped their price target on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research report on Monday, December 22nd. Finally, Citigroup cut their price target on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.92.

Insider Buying and Selling

In related news, Director David P. Stockert acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $37.39 per share, with a total value of $186,950.00. Following the completion of the purchase, the director directly owned 6,829 shares in the company, valued at approximately $255,336.31. The trade was a 273.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Fitzmaurice acquired 2,650 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the purchase, the chief financial officer 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 12,960 shares of company stock valued at $486,804 over the last three months. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Trading Down 2.4%

Shares of REXR opened at $36.04 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24. The firm has a 50 day simple moving average of $38.85 and a 200-day simple moving average of $40.54.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.Rexford Industrial Realty’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, March 31st. Rexford Industrial Realty’s payout ratio is presently 202.35%.

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.