Rexford Industrial Realty, Inc. (NYSE:REXR) to Issue Dividend Increase – $0.44 Per Share

Rexford Industrial Realty, Inc. (NYSE:REXR) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.435 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 1.2% increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43.

Rexford Industrial Realty has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Rexford Industrial Realty has a payout ratio of 155.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Rexford Industrial Realty to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 64.2%.

Rexford Industrial Realty Stock Down 4.4%

REXR stock traded down $1.84 during midday trading on Thursday, hitting $39.56. The company’s stock had a trading volume of 348,958 shares, compared to its average volume of 2,120,625. The company’s fifty day moving average price is $40.29 and its 200 day moving average price is $40.50. Rexford Industrial Realty has a twelve month low of $29.68 and a twelve month high of $44.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market capitalization of $9.21 billion, a P/E ratio of 27.90, a PEG ratio of 2.56 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last released 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 business had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.Rexford Industrial Realty’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business 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 predict that Rexford Industrial Realty will post 2.38 EPS for the current year.

Insider Activity

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 18,750 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares in the company, valued at $23,376,532.28. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 57,118 shares of company stock valued at $2,345,706 in the last three months. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Rexford Industrial Realty

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $31,000. Vision Financial Markets LLC bought a new position in shares of Rexford Industrial Realty in the third quarter worth about $33,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $34,000. Allworth Financial LP lifted its stake in Rexford Industrial Realty by 140.3% in the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth $41,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.