Davis Selected Advisers Grows Stake in Rexford Industrial Realty, Inc. $REXR

Davis Selected Advisers boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 395,150 shares of the real estate investment trust’s stock after purchasing an additional 20,140 shares during the quarter. Davis Selected Advisers owned about 0.17% of Rexford Industrial Realty worth $16,245,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after buying an additional 8,506 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after acquiring an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after acquiring an additional 526,877 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Rexford Industrial Realty by 8.0% in the second quarter. ProShare Advisors LLC now owns 10,469 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 776 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Rexford Industrial Realty by 5.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,571 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 504 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction 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 owned 560,406 shares of the company’s stock, valued at $19,776,727.74. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Stockert bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $37.39 per share, for a total transaction of $186,950.00. Following the completion of the purchase, the director owned 6,829 shares in the company, valued at $255,336.31. The trade was a 273.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 12,960 shares of company stock worth $486,804. 1.20% of the stock is currently owned by company insiders.

Rexford Industrial Realty Stock Performance

REXR stock opened at $34.36 on Thursday. The company has a market capitalization of $7.97 billion, a P/E ratio of 40.42, a PEG ratio of 2.53 and a beta of 1.24. The business has a 50-day moving average price of $38.20 and a 200 day moving average price of $40.23. 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.

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 the consensus estimate of $0.58 by $0.01. The company 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%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.1%. Rexford Industrial Realty’s payout ratio is currently 202.35%.

Analysts Set New Price Targets

REXR has been the topic of several recent research reports. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Cantor Fitzgerald reduced their price objective on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Scotiabank decreased their price objective on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. iA Financial set a $45.00 price objective on Rexford Industrial Realty in a research note on Friday, February 6th. Finally, Zacks Research cut Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.92.

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.