Short Interest in Rexford Industrial Realty, Inc. (NYSE:REXR) Declines By 22.4%

Rexford Industrial Realty, Inc. (NYSE:REXR) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 8,696,482 shares, a decrease of 22.4% from the January 29th total of 11,213,795 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily trading volume, of 3,302,375 shares, the short-interest ratio is presently 2.6 days. Based on an average daily trading volume, of 3,302,375 shares, the short-interest ratio is presently 2.6 days. Currently, 3.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

REXR has been the topic of a number of recent research reports. Zacks Research cut Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. iA Financial set a $45.00 price objective on shares of Rexford Industrial Realty in a research note on Friday, February 6th. Cantor Fitzgerald dropped their target price on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Mizuho boosted their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Citigroup lowered their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.31.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $37.19 on Monday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty has a 52 week low of $29.68 and a 52 week high of $44.38. The stock’s 50-day moving average price is $39.13 and its 200-day moving average price is $40.60. The stock has a market capitalization of $8.62 billion, a PE ratio of 43.64, a price-to-earnings-growth ratio of 2.71 and a beta of 1.23.

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

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.435 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.74 annualized dividend and a dividend yield of 4.7%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 204.71%.

Insider Buying and Selling

In other news, CFO Michael Fitzmaurice bought 2,650 shares of the stock in a transaction on Friday, February 27th. The shares were bought at an average price of $37.55 per share, with a total value of $99,507.50. Following the completion of the acquisition, the chief financial officer owned 14,133 shares in the company, valued at $530,694.15. The trade was a 23.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Frankel sold 20,318 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the sale, the chief executive officer owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. This represents a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 12,960 shares of company stock worth $486,804 and sold 57,118 shares worth $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC acquired a new position in Rexford Industrial Realty in the 3rd quarter valued at about $1,879,000. Cibc World Market Inc. acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $41,111,000. Whittier Trust Co. lifted its holdings 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 in the last quarter. Westwood Holdings Group Inc. increased its position in Rexford Industrial Realty by 10.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 649,966 shares of the real estate investment trust’s stock worth $23,119,000 after purchasing an additional 59,671 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Rexford Industrial Realty by 39.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 171,477 shares of the real estate investment trust’s stock worth $7,145,000 after purchasing an additional 48,187 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.