Rexford Industrial Realty (NYSE:REXR) General Counsel David Lanzer Sells 33,299 Shares

Rexford Industrial Realty, Inc. (NYSE:REXR) General Counsel David Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Rexford Industrial Realty Stock Down 0.3%

NYSE:REXR opened at $35.87 on Wednesday. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $44.38. The company has a quick ratio of 2.51, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $8.05 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.62 and a beta of 1.26. The stock’s fifty day simple moving average is $35.31 and its 200-day simple moving average is $38.71.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. The firm had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

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 issued a dividend of $0.435 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 4.9%. Rexford Industrial Realty’s payout ratio is currently 187.10%.

Hedge Funds Weigh In On Rexford Industrial Realty

Institutional investors have recently bought and sold shares of the business. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Rexford Industrial Realty in the third quarter valued at approximately $1,879,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Rexford Industrial Realty by 24.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock valued at $12,529,000 after purchasing an additional 63,313 shares during the last quarter. Cibc World Market Inc. acquired a new position in shares of Rexford Industrial Realty in the third quarter valued at approximately $41,111,000. Whittier Trust Co. grew its position in shares of Rexford Industrial Realty by 30.6% in the third quarter. Whittier Trust Co. now owns 383,961 shares of the real estate investment trust’s stock valued at $16,000,000 after purchasing an additional 89,903 shares during the last quarter. Finally, Barclays PLC grew its position in shares of 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 valued at $82,011,000 after purchasing an additional 1,269,603 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on REXR shares. Scotiabank reduced their target price on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Robert W. Baird set a $40.00 target price on Rexford Industrial Realty in a report on Tuesday, February 17th. JPMorgan Chase & Co. dropped their price target on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Zacks Research downgraded Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Finally, iA Financial set a $45.00 price target on Rexford Industrial Realty in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.92.

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.